Rural Microentrepreneur Assistance Program Act of 2025
Sponsored By: Representative Nunn (IA)
Introduced
Summary
Boosts federal support for rural microentrepreneurs. This bill would raise per-project funding limits, increase the share of project costs that program loans can cover, and extend program dates through 2030.
Show full summary
- Microentrepreneurs: Would raise the per-project threshold from $50,000 to $75,000, letting applicants seek larger awards.
- Project costs: Replaces a 75% covered-share with 100% for the applicable portion, while preserving a limit that a loan may cover no more than 50% of demolition, construction, or related real estate improvement costs for a project.
- Program timeline: Changes the referenced period from 2019 through 2023 to 2026 through 2030, extending the program's operational horizon.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher loans for rural microbusinesses
If enacted, rural microbusiness owners could borrow up to $75,000 per loan, up from $50,000. The bill would change a referenced coverage figure from 75% to 100%. For project loans, funds could pay no more than 50% of demolition, construction, or other real estate improvement costs. The program timeframe in law would be updated to cover 2026 through 2030.
Sponsors & CoSponsors
Sponsor
Nunn (IA)
IA • R
Cosponsors
Mannion
NY • D
Sponsored 8/8/2025
Vindman
VA • D
Sponsored 9/17/2025
McClain Delaney
MD • D
Sponsored 12/18/2025
Davis (NC)
NC • D
Sponsored 3/4/2026
Roll Call Votes
No roll call votes available for this bill.
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