SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill

May 6, 2025

Bob Coleman
Founder & Publisher

SBA Hot Topic Tuesday — SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill

House Committee on Small Business Chairman Roger Williams (R-TX) and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-IA) are introducing key bipartisan legislation with Senator Chris Coons (D-DE.)

“I want to thank Administrator Loeffler and Senators Ernst and Coons for their partnership on this crucial legislation, as we support America’s small businesses, which make up nearly 99% of all U.S. manufacturers,” says Williams. “The Made in America Manufacturing Finance Act provides small business owners the capital they need to expand, modernize, and compete. We must continue to support and empower the job creators who keep our communities thriving. Together, we will continue driving the America First Agenda forward and creating an environment where the success of Main Street is a priority.”

“In Iowa and across the country, Main Street is roaring back under President Trump,” adds Ernst. “I am proud to work with Administrator Loeffler and Chairman Williams to continue unleashing American industry by allowing small manufacturers to grow and equipping Iowa small business to lead the way. Today marks a major step in bringing back ‘Made in America.’”

“On Liberation Day, President Trump made a clear promise to fight for our businesses and workers by bringing back the jobs and supply chains that built this nation—and today, we’re delivering,” says SBA Administrator Loeffler.

“The Made in America Manufacturing Finance Act will double SBA loan limits for small manufacturers, supercharging the return of American industry by giving small businesses the capital they need to expand, hire, and compete.”

Source: SBA.gov