H.R. 915 · Passed House · Commerce

Small Business Technological Advancement Act

Sponsor: Mark Alford (R-MO)

What it does

• Authorizes the Small Business Administration to finance software and cloud computing services through the 7(a) loan program, including tools that use artificial intelligence.
• Expands eligible uses of 7(a) loans to cover business software for operations, product delivery, payroll, HR, sales, billing, and inventory tracking.
• Extends 7(a) loan guaranties to small businesses seeking to finance technology adoption and digital transformation.

Official summary

Small Business Technological Act of 2025 This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence. The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.

Latest action

Jul 13, 2026: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Committee: Senate Small Business and Entrepreneurship