YourVoice.Now Summary
The Rural Microentrepreneur Assistance Program helps tiny businesses in rural areas (10 or fewer employees) get loans and training through nonprofit organizations. This bill would bump the maximum loan amount from $50,000 to $75,000, increase the share of a project the loan can cover to 100 percent (up from 75 percent), allow up to half of the loan to go toward real estate improvements like demolition and construction, and reauthorize the program for fiscal years 2026 through 2030.
Congressional Summary
Reauthorizes through FY2030 and revises the Rural Microentrepreneur Assistance Program, increasing borrowing limits to $75,000 and maximum federal cost share to 100%.
Legislative Subjects
Small BusinessRural DevelopmentLoans
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- 2025-08-08
- Date Added
- 2026-04-03