Rep. Shri Thanedar Re-Introduces the "Loans In Our Neighborhoods Act" to Enhance Small Business Financing
July 31, 2024
July 31, 2024
WASHINGTON, July 31 -- Rep. Shri Thanedar, D-Michigan, issued the following news release on July 30, 2024:
Today, Congressman Shri Thanedar (MI-13) announced the re-introduction of the "Loans in our Neighborhoods (LIONS) Act," a 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, thereby providing greater financial support to small businesses . . .
Today, Congressman Shri Thanedar (MI-13) announced the re-introduction of the "Loans in our Neighborhoods (LIONS) Act," a 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, thereby providing greater financial support to small businesses . . .