What does Preamble of Small Business Technological Advancement Act do?

This bill authorizes small business loans. The loans are intended to finance access to modern business software. The bill includes provisions for other purposes, though these are not detailed in this section.

What does SHORT TITLE. of Small Business Technological Advancement Act do?

This Act is formally titled the Small Business Technological Advancement Act.

What does ADDITIONAL USES FOR SMALL BUSINESS ADMINISTRATION BUSINESS of Small Business Technological Advancement Act do?

This section amends Section 7(a) of the Small Business Act to allow the Small Business Administration to provide loans for business software and cloud computing services. Loans can finance software that facilitates business operations, product delivery, payroll processing, human resources, sales, billing, accounting, and inventory tracking, including tools utilizing artificial intelligence. The amendment clarifies that loans made prior to enactment for similar purposes were still permissible. Loans are not authorized for research and development purposes. The definition of working capital under the Small Business Act remains unchanged.

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Small Business Technological Advancement Act

Last updated: 6/24/2026 · Introduced: 2/4/2025

Author: Mark Alford (R-MO)

TL;DR (AI)

The Small Business Technological Act of 2025 allows the Small Business Administration to offer loans to small businesses for purchasing business software and cloud computing services.
Eligible software includes tools for business operations, payroll, sales, accounting, and inventory tracking, encompassing those utilizing artificial intelligence.
Loans are specifically excluded for research and development purposes.

119th Congresspassed houseOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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