SBA 7(a) Manufacturing Lending Up 74%
June 9, 2025
Bob Coleman
Founder & Publisher
Main Street Monday — SBA 7(a) Manufacturing Lending Up 74%
Rep. Nick LaLota’s exchange with SBA Administrator Kelly Loeffler in last week’s committee hearing follows:
Representative La Lota: “When you were on Long Island, do you remember the technology company, Orbic, that we met?”
Administrator Loeffler: “I do, Congressman.”
Representative. LaLota: “It’s an American company located on Long Island, and they do what many Trump trade policy critics say can’t be done in the United States of America. They make technology products like smartphones, laptops, and tablets. Madam Administrator, I’m certain that you and I agree that President Trump is right to want to protect our supply chain from international disruptions and bring manufacturing back to America.
My question is: what can the SBA do to help small businesses, like Orbic, who help accomplish those worthy goals?”
Administrator Loeffler: “Well, we certainly see manufacturing growing across this country. Our loan volume in the 7(a) program for manufacturers is up 74 percent in President Trump’s first 100 days, demonstrating an investment in manufacturing like never before, with over 1,120 loans. I certainly saw that taking place on Long Island, and that’s why I’m grateful for the Chairman’s leadership on the Made in America Manufacturing Finance Act—which I hope, in this Committee would be bipartisan—to get more capital in the hands of our innovators, those that are providing jobs and production of critical technologies like 5G, cellphones, and other infrastructure that this country so greatly needs.”