WASHINGTON, Feb. 13 -- Rep. Shri Thanedar, D-Michigan, issued the following news release on Feb. 12, 2024:

Today, Congressman Shri Thanedar (MI-13) announced the introduction of the "Loans in our Neighborhoods (LIONS) Act," a bill designed to amend the Small Business Act by increasing the maximum gross loan amount for section 7(a) loans. The LIONS Act seeks to raise the limit from $5,000,000 to $10,000,000, thereby providing greater financial support to small businesses.

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