Small Business Technological Advancement Act
H.R. 915119th CongressCommerce
- Introduced
- Feb 4, 2025
- Latest action
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jul 13, 2026
Recorded votes
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Summary
Written by the nonpartisan Congressional Research Service.
Small Business Technological Act of 2025
This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence.
The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.