Alford, Thanedar Re-Introduce the "Loans In Our Neighborhoods (LIONs) Act" to Enhance Small Business Financing
Today, Congressman Mark Alford (MO-4), alongside Congressman Shri Thanedar (MI-13), announced the re-introduction of the "Loans in our Neighborhoods (LIONs) Act," (H.R.1893) a bipartisan bill designed to amend the Small Business Act by increasing the maximum gross loan amount for section 7(a) loans. The LIONS Act seeks to raise the limit from $5,000,000 to $10,000,000, providing more…
