Bill · S. 4534· Senate(119-S-4534)
Microbusiness Support Act
- Introduced
- 5/14/2026
- Last activity
- 5/14/2026 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Microbusiness Support Act," proposes to amend the Small Business Act. It seeks to establish a direct loan program specifically for microbusinesses within the Small Business Administration. A microbusiness is defined as an independently owned and operated for-profit entity with no more than 10 full-time employees and limited annual revenue. The Administrator would have the authority to originate and disburse these loans, including through third-party partnerships. Loans under this program would be capped at a maximum of $100,000.
Yes· 3 of 7
Does this make it easier to run a small business?+7
The bill creates a new, targeted direct loan program specifically for entities with ten or fewer employees.
Would business owners be better off under this?+6
The bill provides a new avenue for small business owners to secure loans up to $100,000.
Is this likely to create jobs?+3
The establishment of a direct loan program for microbusinesses can provide necessary capital to support business operations and potential hiring.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Access to Capital: The bill establishes a direct loan program that allows the Administrator to originate and disburse loans to microbusinesses, which may include through partnerships with third parties (Section 2, Subsection B).
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Targeted Support for Small Entities: The program specifically targets "microbusinesses," which are defined as independently owned and operated for-profit entities employing no more than 10 full-time employees and meeting specific revenue thresholds (Section 2, Subsection A(i)).
Potential Negative Impacts for People
-
Loan Cost Burdens: The Administrator, authorized third parties, or agents are permitted to impose and collect fees that may be charged to the borrower to cover costs such as underwriting, servicing, or liquidating the loan (Section 2, Subsection D(i)).
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Additional Fees for Credit Lines: For those using loans as revolving lines of credit, the bill allows for the imposition and collection of fees, including unused fees and draw fees (Section 2, Subsection D(ii)).
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Higher Interest Rates: The bill specifies that the interest rate for these loans shall be set at 6 percent per annum (Section 2, Subsection E(ii)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+3Increases Job Creation+3
- Demographic And Interest Groups
- Good For Business Owners+6Good For Low Income Households+2Good For Rural Residents+1Good For Urban Residents+1
- 5/14/2026
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 1 Cosponsor added.
- Introduced in Senate
Angela AlsobrooksDemocrat · Maryland