What does Preamble of Microbusiness Support Act do?

This bill aims to amend the Small Business Act It establishes a direct loan program for microbusinesses The program would be at the Small Business Administration

What does SHORT TITLE. of Microbusiness Support Act do?

This bill is formally titled the Microbusiness Support Act.

What does DIRECT LOAN PROGRAM FOR MICROBUSINESSES. of Microbusiness Support Act do?

This section amends Section 7(a) of the Small Business Act to establish a microbusiness loan program. A 'microbusiness' is defined as an independently owned and operated for-profit business with 10 or fewer full-time employees and annual revenue not exceeding $5,000,000 or the applicable small business size standard. Full-time employment is defined as 35 hours per week or another standard accepted by custom or contract. The Administrator is authorized to originate and disburse direct loans to microbusinesses, potentially through partnerships. The maximum loan amount under this program is $100,000. Fees may be imposed and collected to cover loan-related costs, including those associated with third-party partners. The Administrator must issue interim final rules within 90 days of enactment to establish loan terms and conditions. The interest rate for these loans will be 6 percent per annum.

Back to bills

Microbusiness Support Act

Last updated: 5/14/2026 · Introduced: 5/14/2026

Author: Catherine Cortez Masto (D-NV)

TL;DR (AI)

This bill amends the Small Business Act to create a direct loan program for microbusinesses, defined as businesses with 10 or fewer employees and $5,000,000 or less in annual revenue.
The program authorizes loans up to $100,000 for microbusinesses, with an interest rate of 6 percent per annum.
The Small Business Administration Administrator can originate and disburse these loans, potentially through partnerships, and will establish loan terms and conditions within 90 days of enactment.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

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

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account