Main Street Parity Act

The Main Street Parity Act (HR 5763) adjusts eligibility rules for small businesses seeking SBA loans to acquire, build, convert, or expand facilities. It modifies Section 502(3)(C) of the Small Business Investment Act by removing two specific criteria and reorganizing the remaining requirements. This change directly affects small businesses applying for these particular SBA loans, simplifying the application process by eliminating outdated or redundant conditions. The bill makes technical adjustments to the loan criteria without creating new programs or altering funding levels.