YourVoice.Now Summary
Lets SBA 7(a) loan borrowers spend the money on business software, cloud services, and AI tools, not just traditional working capital.
The details
Small business owners who borrow through the SBA's Section 7(a) program — the agency's main small-business loan program — can now explicitly use those funds to pay for business software and cloud computing services. Eligible uses include payroll platforms, HR tools, sales and billing systems, inventory tracking, accounting software, and AI-powered business tools. The bill clarifies that SBA loans cannot be used for research and development and does not change who qualifies for a loan or alter the definition of working capital.
Congressional Summary
Small Business Technological Act of 2025This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence.The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Reported to House
- Action Date
- 2026-06-03
- Date Added
- 2026-06-19
- Source
- Congress.gov →
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