Made in America Manufacturing Finance Act
Sponsored By: Representative Williams (TX)
Passed House
Summary
Expand SBA loan caps to boost financing for U.S. small manufacturers. This bill would define "Small Manufacturer" as firms in NAICS sectors 31, 32, or 33 with production facilities entirely in the United States and raise loan limits under the SBA 7(a) program and the Small Business Investment Act to make larger loans available, including for export-related financing.
Show full summary
- Small manufacturers: Would gain access to bigger 7(a) loans. The non-export cap rises from about $3.8 million to $7.5 million and can reach up to $10.0 million in cases where the gross loan amount would exceed that threshold.
- Exporters and working capital borrowers: The export-related 7(a) cap rises from $4.5 million to $9.0 million, or up to $10.0 million, with no more than $8.0 million usable for working capital, supplies, or export financings.
- Small Business Investment Act borrowers and lenders: The maximum SBIA loan for qualifying small manufacturers would increase from $5.5 million to $10.0 million, widening the size of investments available under existing authorities.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Bigger SBA loans for manufacturers
If enacted, small manufacturers could get bigger SBA 7(a) loans. The cap would be $7.5 million, or $9 million for export loans (with up to $8 million for working capital, supplies, or export financings). For loans under paragraph (14)(B)(i), the cap would be $10 million for small manufacturers; otherwise it would be $5 million. Other borrowers would keep the $3.75 million cap. Some SBA limits tied to a $10 million gross loan size would still apply. These changes would take effect upon enactment.
Higher Small Business Investment Act loans for manufacturers
If enacted, the maximum loan under the Small Business Investment Act section 502(2)(A)(iii) would rise from $5.5 million to $10 million for small manufacturers. This would apply upon enactment.
Who counts as a small manufacturer
If enacted, a “small manufacturer” would mean a small business mainly in NAICS sectors 31, 32, or 33, with all production facilities in the United States. This status would decide who can use the higher loan caps in the bill. It would apply upon enactment.
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Sponsors & CoSponsors
Sponsor
Williams (TX)
TX • R
Cosponsors
Meuser
PA • R
Sponsored 5/13/2025
Moran
TX • R
Sponsored 5/13/2025
Goldman (TX)
TX • R
Sponsored 6/5/2025
Wied
WI • R
Sponsored 7/17/2025
Downing
MT • R
Sponsored 7/17/2025
Finstad
MN • R
Sponsored 7/21/2025
Ellzey
TX • R
Sponsored 7/21/2025
Jack
GA • R
Sponsored 7/21/2025
LaLota
NY • R
Sponsored 7/21/2025
Del. King-Hinds, Kimberlyn [R-MP-At Large]
MP • R
Sponsored 7/21/2025
Van Duyne
TX • R
Sponsored 7/21/2025
Schmidt
KS • R
Sponsored 7/22/2025
Roll Call Votes
No roll call votes available for this bill.
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