Main Street Parity Act
In committeeMain Street Parity Act This bill lessens the financing requirements for certain Small Business Administration loans to small businesses for plant acquisition, construction, conversion, or expansion, including the acquisition of land. Specifically, the bill reduces the amount of equity a borrower must provide by 5% of the total cost for loans for limited or single-purpose properties.
Jan 26, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Passed
The Main Street Parity Act amends the Small Business Investment Act of 1958 by modifying the criteria for loans related to plant acquisition, construction, conversion, or expansion. The bill simplifies the criteria by removing certain clauses and making conforming amendments. It aims to streamline the loan process for small businesses.