504 Program Level Flexibility Act

The 504 Program Level Flexibility Act allows the Small Business Administration to exceed its annual loan guarantee limit by up to 15 percent if demand for financing from qualified state or local development companies is high. This provision applies starting in fiscal year 2027 and requires the agency administrator to notify specific congressional committees at least 30 days before using this extra authority. The bill also restricts the SBA to using this flexibility measure no more than once per fiscal year.