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S2691119th CongressWALLET

Rural Microentrepreneur Assistance Act of 2025

Sponsored By: Senator Ricketts, Pete [R-NE]

Introduced

Summary

expand the Rural Microentrepreneur Assistance Program to give rural small businesses bigger, more flexible microloans and a longer program window. This bill would raise the loan threshold, broaden allowable uses for real estate improvements, increase a funding share to full coverage, and extend the program through 2030.

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  • Microentrepreneurs and small business owners would be able to access larger microloans and use loan proceeds for up to 50 percent of demolition, construction, or related real estate improvement costs for a project. The individual monetary threshold would rise from $50,000 to $75,000.
  • Microenterprise development organizations would see a key program support rate increase from 75 percent to 100 percent, providing full coverage under that specific provision.
  • Rural communities and local development efforts would have continued access to RMAP support because the program participation window would be extended to cover 2026 through 2030.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger microloans for rural entrepreneurs

If enacted, this bill would let rural microbusiness owners get bigger microloans through the Rural Microentrepreneur Assistance Program. It would raise the microloan cap from $50,000 to $75,000. It would allow a microloan to pay for up to 50% of demolition, construction, or related real estate improvement costs for a project. It would raise a program funding share from 75% to 100% and extend the program window to 2026 through 2030.

Sponsors & CoSponsors

Sponsor

Ricketts, Pete [R-NE]

NE • R

Cosponsors

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 9/3/2025

Roll Call Votes

No roll call votes available for this bill.

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