Territorial SBA Loan Guaranty Adjustment Act of 2026

# Territorial SBA Loan Guaranty Adjustment Act of 2026 - Summary **What the Bill Does** This bill would modify how Small Business Administration (SBA) loans work in U.S. territories—including Guam, Puerto Rico, the U.S. Virgin Islands, and American Samoa. Specifically, it would adjust the loan guaranty program, which helps small business owners in these regions access financing by having the federal government guarantee a portion of their loans to reduce lender risk. **Who It Affects** The bill primarily benefits small business owners and entrepreneurs operating in U.S. territories who struggle to obtain traditional bank loans.

It also affects the SBA and the banks that participate in the loan guaranty program. **Current Status** As of now, the bill (HR 7229) is in committee, meaning it has been introduced but hasn't yet been debated or voted on by the full House of Representatives. The bill was sponsored by Delegate James C. Moylan, a Republican representing Guam. Without additional details in the available summary, the specific changes being proposed to the SBA loan program are unclear, though the bill's focus is on making these programs work better for territories' small business communities.