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Territorial SBA Loan Guaranty Adjustment Act of 2026
To amend the Small Business Act to provide for loan guarantees to certain small businesses, and for other purposes.
Summary
This bill amends the Small Business Act to increase the Small Business Administration's (SBA) loan guarantee participation for small businesses in U.S. territories to 90 percent on a deferred basis. The increase applies to loan guarantee programs under Section 7(a)(2) of the Small Business Act, with exceptions for certain specific loan programs and pilot programs designated in the law. The higher guarantee level is intended to make it easier for small businesses in U.S. territories to access SBA-backed loans.
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Sponsor (1)
Actions (2)
- Jan 22, 2026 Referred to the House Committee on Small Business. · house
- Jan 22, 2026 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
January 22, 2026
Mr. Moylan (for himself and Ms. King-Hinds) introduced the following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act to provide for loan guarantees to certain small businesses, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Territorial SBA Loan Guaranty Adjustment Act of 2026”.
SEC. 2. LOAN GUARANTEES FOR COVERED TERRITORY BUSINESSES.
(a) In General.—Section 7(a)(2) of the Small Business Act (15 U.S.C. 636(a)(2)) is amended by adding at the end the following:
“(G) Participation in loan to covered territory business.—
“(i) In general.—Except as provided in clause (ii), in an agreement to participate in a loan to a covered territory business on a deferred basis under this subsection, the participation by the Administration shall be 90 percent.
“(ii) Exceptions.—Clause (i) shall not apply with respect to a loan under paragraph
(9), (14)(A), (16), (31), or (34), or under a pilot program carried out pursuant to paragraph
(25).”.
(b) Conforming Amendment.—Section 7(a)(2)(A) of such Act is amended by striking “and (F)” and inserting “(F), and (G)”. <all>
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