The U.S. House of Representatives recently passed legislation that would increase the loan limit for Small Business Administration’s (SBA) 7(a) and 504 lending programs to $10 million. The change would apply to small American manufacturers.
“The Made in America Manufacturing Finance Act strengthens the ability of small manufacturers to invest, scale, and compete,” U.S. Rep. Roger Williams (R-TX), House Committee on Small Business chairman, said. “These entrepreneurs are the backbone of our industrial base, and their success fuels our nation. With this legislation, we continue to advance an America First agenda that ensures Main Street remains the driving force in American innovation.”
The Made in America Manufacturing Finance Act would double the SBA’s loan limit from $5 million to $10 million for small manufacturers. The goal is to meet domestic manufacturers’ capital needs.
The SBA’s Made in America Manufacturing Initiative aims to rebuild U.S. industrial dominance by cutting regulations, expanding access to capital, highlighting the existing manufacturing base, and advancing a skilled manufacturing workforce.
The SBA 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program provides loans specifically to small manufacturers. The agency will waive most upfront fees in fiscal year 2026 to support investment in U.S. production and growth.