Section 1. Short title
This Act may be cited as the Supporting Trade and Rebuilding Opportunity for National Growth Act or the STRONG Act.
Section 2. Maximum loan amount for a 7 (a) loan
Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 636(a)(3)(A)) is amended by striking $3,750,000 (or if the gross loan amount would exceed $5,000,000) and inserting $7,500,000 (or if the gross loan amount would exceed $10,000,000).
Section 3. Maximum loan amount for a development company loan
Section 502(2)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is amended—
(1) by striking $5,000,000 each place it appears and inserting $10,000,000; and
(2) by striking $5,500,000 each place it appears and inserting $10,000,000.