Small manufacturers — defined as businesses in manufacturing sectors with all production facilities located in the United States — would be able to borrow significantly more through the Small Business Administration's main loan program. The standard SBA 7(a) loan cap would double for these businesses, rising from $3.75 million to $7.5 million, and the upper limit on gross loan amounts would increase from $5 million to $10 million. For loans with a government guarantee (where the SBA backs a portion of the lender's risk), the ceiling for small manufacturers would rise to $9 million, compared to $4.5 million for other small businesses. Export-related loans for small manufacturers would also be capped at $10 million instead of the current $5 million limit.
Congressional Summary
Made in America Manufacturing Finance ActThis bill increases the maximum loan amounts available to small manufacturers under the Small Business Administration's 7(a) and 504 loan programs.In particular, the bill generally doubles the maximum loan amount for small manufacturers under the 7(a) program and the bill increases the maximum loan amount for small manufacturers under the 504 program from $5.5 million to $10 million.Generally, 7(a) loans provide short- and long-term working capital which can be used for expenses such as operational needs. 504 loans provide financing for major fixed assets such as new facilities.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Reported to House
- Action Date
- 2025-08-15
- Date Added
- 2026-04-24
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