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119th Congress > House > Vote 586
Clerk session vote number: 226
Sponsor: ALFORD, Mark (R-MO)
Description: Small Business Technological Advancement Act
Bill summary:
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.
Bill titles: To authorize small business loans to finance access to modern business software, and for other purposes.; To authorize small business loans to finance access to modern business software, and for other purposes.
Links for more info on the vote: congress.gov