Supporting Trade and Rebuilding Opportunity for National Growth Act

This legislation, known as the STRONG Act , aims to significantly enhance financial access for small businesses by increasing the maximum loan amounts under key federal programs. It amends the Small Business Act to raise the maximum 7(a) loan amount from $3,750,000 (or $5,000,000 gross) to $7,500,000 (or $10,000,000 gross). Additionally, the bill modifies the Small Business Investment Act of 1958 to increase the maximum Development Company loan (504 loan) from $5,000,000 or $5,500,000 to $10,000,000. These changes are designed to provide small businesses with substantially more capital, supporting their growth, expansion, and job creation. The overall goal is to strengthen the national economy by facilitating greater investment in small business ventures.