504 Loan Availability Act

This bill increases the annual funding cap for SBA 504 loans from $7.5 billion to $15 billion per fiscal year, directly affecting small businesses and local development companies seeking financing for major fixed assets like real estate. It modifies existing provisions in the Small Business Investment Act to replace the previous $7.5 billion funding limit with the new $15 billion cap for guaranteed loans under Section 503 and loans under Section 502(7)(C). The bill also includes a sunset provision, ending these changes on October 1, 2026, unless renewed by Congress.