US Senator Mary Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, introduced "The Small Business Access to Capital Act," she announced Oct. 22. The legislation, if passed, would increase the maximum 7(a) loan to $5 million (up from a maximum of $2 million), increase the maximum 504 loan to $5.5 million (up from a maximum of $1.5 million), increase the maximum microloan to $50,000 (up from a maximum of $35,000), and enhance refinancing of 504 loans, among other effects.
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