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Referenced Laws
15 U.S.C. 636(a)(3)(A)
15 U.S.C. 696(2)(A)
Section 1
1. Short title This Act may be cited as the Supporting Trade and Rebuilding Opportunity for National Growth Act or the STRONG Act.
Section 2
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).
Section 3
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.