Who it affects
- Small businesses seeking loans
- Lenders participating in the 7(a) loan program
- Small Business Administration
Passed the HouseSmall businessTechnologyLoans
Small Business Technological Advancement Act
H.R. 915 · House bill · Introduced Feb. 4, 2025
The Small Business Technological Advancement Act would allow Small Business Administration loans to finance software and cloud services for small businesses, including artificial intelligence tools.
At a glance
Where it stands
Passed the House 414 to 4 on June 24.
How South Carolina voted
Lobbying and money
No lobbying reported yet
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
What it would do
- The bill would allow the Small Business Administration's 7(a) loan program to finance business software and cloud services.
- These tools could support business operations, product or service delivery, sales, and billing.
- They could also handle payroll, employee management, accounting, or inventory tracking.
- Eligible tools would include those using artificial intelligence.
- The program guarantees lenders' loans to small businesses otherwise unable to obtain credit on reasonable terms.
Written with AI from the official summary by Congress's research office.
How South Carolina voted
House vote coverage is incomplete for 2025–2026. Vote and flagged-bill counts reflect imported records only; missing votes don't mean a member didn't vote.
House vote
Vote to pass
Fast-track vote that needs two-thirds
June 24, 2026 · Passed 414 to 4
- Republicans
- 205 yes
- 4 no
- Democrats
- 208 yes
- 0 no
- Independents
- 1 yes
- 0 no
Groups that lobbied on it and gave to SC's members
PAC, lobbyist campaign and qualifying employee money this election, shown separately and never added together. Lobbying reports name the bills a group worked on, not which side it took.
No lobbying reported yet. Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
Official record
Official title, sponsor and status
- Official title
- To authorize small business loans to finance access to modern business software, and for other purposes.
- Sponsor
- Rep. Alford, Mark (R-MO)
- Introduced
- Feb. 4, 2025
- Cosponsors
- 3
- Committees
- Senate Small Business and Entrepreneurship Committee; House Small Business Committee
- Latest action
- July 13, 2026 · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Official summary from the Congressional Research Service
Small Business Technological Act of 2025 This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence. The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.
Summary on Congress.gov ↗Everyone who lobbied on this bill (0 groups)
No lobbying report we have loaded names this bill. That doesn't mean no lobbying took place.
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published. Reports for October through December 2026 are due January 20, 2027.