Increasing Credit Union Lending for Business Growth Act

This bill amends the Federal Credit Union Act to increase the maximum loan amount credit unions can provide to small businesses from $50,000 to $100,000. It directly affects credit unions and small businesses seeking loans, as it raises the cap on individual business loans they can offer. The key provision changes Section 107A(c)(1)(B)(iii) of the law to reflect this higher limit. This adjustment aims to expand credit access for small businesses by giving credit unions more flexibility in loan sizing.