H. R. 10245, known as the “504 Program Level Flexibility Act,” aims to amend the Small Business Investment Act of 1958. This bill allows the Administrator of the Small Business Administration (SBA) to increase the amount of loan commitments they can make to qualified State or...
Simple Explanation
The 504 Program Level Flexibility Act lets the Small Business Administration give extra money to help small companies grow, but they have to tell the government helpers one month before doing so. They can only do this extra giving once a year.