Main Street Parity Act

# Main Street Parity Act Summary **What the Bill Does** The Main Street Parity Act makes it easier for small businesses to get government-backed loans for buying or building facilities. Specifically, it reduces how much of their own money small business owners need to put down when applying for certain Small Business Administration (SBA) loans. Instead of requiring a larger personal investment, borrowers would only need to contribute 5% less of the total project cost for loans related to limited or single-purpose properties—such as manufacturing plants or specialized facilities. **Who It Affects** This bill primarily benefits small business owners looking to expand, build new facilities, or acquire land and buildings. By lowering the required personal investment, it could make these loans more accessible to entrepreneurs who might not have substantial cash reserves on hand. The bill also indirectly affects SBA lending programs and potentially economic development in local communities. **Current Status** The bill has passed the U.S.

House of Representatives. It would need to be approved by the Senate and signed by the President to become law. The bill is sponsored by Rep. Roger Williams, a Republican from Texas, and focuses on reducing financial barriers for small business growth and expansion.