Bill 119 s 901, also known as the Small Business Access to Capital Act, aims to make changes to the Small Business Act and the Small Business Investment Act of 1958. The main goal of this bill is to increase the maximum loan amount for certain loans that are available to small businesses.
The bill proposes to raise the maximum loan amount that small businesses can receive, which would provide them with more access to capital to help grow and expand their operations. This increase in loan amounts could potentially help small businesses thrive and create more jobs in the economy.
In addition to increasing the loan amounts, the bill also includes provisions for other purposes related to small business financing. These provisions could potentially streamline the loan application process, provide more flexibility in loan terms, and offer additional support for small businesses seeking financing.
Overall, Bill 119 s 901 aims to support small businesses by increasing their access to capital through higher loan amounts and other provisions. This could have a positive impact on the economy by helping small businesses grow and create more opportunities for success.