An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.

HB 2207 increases the maximum loan amount for small businesses in Pennsylvania seeking capital development loans (for land, buildings, machinery, and equipment) from $400,000 to $2,000,000, or 50% of total project costs, whichever is lower. It clarifies that costs incurred during the 12 months before applying are included in the total project costs calculation. The bill directly affects small businesses applying for these state-backed loans through Pennsylvania's capital development program. The changes take effect 60 days after enactment.