H.R. 5763Passed one chamberJobs & the economy
House bill trims SBA 504 loan eligibility rules for small businesses
Data as of July 11, 2026
HR 5763 removes two eligibility conditions from the SBA 504 loan program, potentially making it easier for small businesses to qualify.45-second read · 4 questions answered below
Decoded
What does this do?
HR 5763 removes two specific eligibility conditions from the SBA 504 loan program, which helps small businesses borrow money to buy, build, or improve physical facilities. The conditions being removed are tied to qualifying criteria related to plant acquisition, construction, conversion, or expansion projects. No new program is created and no new spending is added.
Who does it affect?
The bill primarily affects small business owners seeking SBA 504 loans to build, buy, or improve a physical location. Lenders and certified development companies that process these loans are also affected.
Why does it matter?
With fewer eligibility conditions to meet, some small businesses that previously did not qualify may now be able to access SBA 504 financing. The change also reduces the rules that lenders and certified development companies must navigate when processing these loans.
Where does it stand?
- Introduced
- House committee
- House vote
- Senate — You are here
- President's desk
Right now: it passed the House and now goes to the Senate. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Main Street Parity Act
- Introduced:
- October 14, 2025
- Latest action:
- January 26, 2026
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Read the official bill on Congress.govMake the call
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