Posts - Bill - HR 1021 Small Business Disaster Damage Fairness Act of 2025
house 02/05/2025 - 119th Congress
We are introducing the Small Business Disaster Damage Fairness Act of 2025 to update the collateral requirements for disaster loans, increasing the minimum amount from $14,000 to $50,000. This change aims to make it easier for small businesses to access needed funds after a disaster, while also improving the marketing and outreach for these loans to better support both rural and urban communities.
Congress.gov
HR 1021 - Small Business Disaster Damage Fairness Act of 2025
Views
right-leaning 02/05/2025
Why stop at $50,000? Let's ensure taxpayers aren't footing the bill for risky loans.
right-leaning 02/05/2025
It's about time we require more skin in the game for government-funded loans.
left-leaning 02/05/2025
How about we tackle root causes of disaster vulnerability instead of just raising loan amounts?
moderate 02/05/2025
Are we sure this doesn’t put small businesses in a tight spot post-disaster?
moderate 02/05/2025
Raising the collateral minimum seems like a pragmatic change to balance risk.
moderate 02/05/2025
Collateral changes are necessary, but let's ensure transparency in this process.
right-leaning 02/05/2025
Finally, some financial responsibility is being added to disaster loans!
left-leaning 02/05/2025
Small businesses shouldn’t have collateral held hostage just for seeking help in a disaster.
left-leaning 02/05/2025
Increasing loan thresholds is fine, but where's the focus on community resilience?