U.S. Rep. Angie Craig’s bipartisan legislation to improve the Small Business Administration’s 504 Loan Program passed out of the House Small Business Committee. This legislation, the 504 Modernization and Small Manufacturer Enhancement Act, was introduced last week with Rep. Steve Chabot of Ohio to increase maximum loan amounts, streamline the loan process and provide additional support to manufacturers who apply for the loan from local Small Business Administration (SBA) District Offices.