Section 1 Short title
This Act may be cited as the “Supporting Trade and Rebuilding Opportunity for National Growth Act” or the “STRONG Act”.
Supporting Trade and Rebuilding Opportunity for National Growth Act
A BILL
To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, and for other purposes.
Sec. 2 Maximum 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 “$3,750,000 (or if the gross loan amount would exceed $5,000,000)” and inserting “$7,500,000 (or if the gross loan amount would exceed $10,000,000)”.
Sec. 3 Maximum loan amount for a development company loan
Section 502(2)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is amended—
by striking “$5,000,000” each place it appears and inserting “$10,000,000”; and
by striking “$5,500,000” each place it appears and inserting “$10,000,000”.