To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
Adds workforce development through work-based training as a policy goal for SBA 504 development company loans. Expands goals to include minority, employee, and women-owned businesses.
Who Benefits and How
Small manufacturers gain lending support for workforce training. Minority and women-owned businesses prioritized. Workforce development emphasized.
Who Bears the Burden and How
SBA must implement new program goals. Development companies assess training programs.
Key Provisions
- Adds workforce development as 504 program goal
- Requires 12-week training documentation
- Expands support for minority, employee, and women-owned businesses
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Modernizes SBA 504 loan program and adds workforce development goals
Who Benefits
- Small manufacturers
- Minority-owned businesses
- Workforce training
Who Bears Costs
- SBA administration
- Development companies
Key Policy Areas
Small Business, Manufacturing, Workforce
Primary Purpose
Modernizes SBA 504 loan program and adds workforce development goals
Policy Domains
Legislative Strategy
"Align 504 loans with workforce development and equity goals"
Sponsors
Legislative Progress
ReportedReported by Mr. Cardin, with an amendment
Ms. Klobuchar (for herself, Mr. Young, Mr. Booker, and Mr. …
Ms. Klobuchar (for herself, Mr. Young, Mr. Booker, Mr. Rubio, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Small business borrowers, Small businesses using 504 loans, Small businesses with training programs
Accredited development companies, Accredited lender certified development companies, Certified development companies
SBA Credit Risk Management, SBA Office of Credit Risk Management, SBA district offices
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology