Section 1 Short title
This Act may be cited as the “Loans in our Neighborhoods Act”.
Loans in our Neighborhoods Act
A BILL
To amend the Small Business Act to increase the maximum gross loan amount for a loan made under section 7(a) of such Act.
Sec. 2 Maximum gross loan amount for a 7(a) loan
Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 636(a)(3)(A)) is amended by striking “$5,000,000” and inserting “$10,000,000”.