Made in America Manufacturing Finance Act of 2025
Sponsored By: Senator Ernst, Joni [R-IA]
In Committee
Summary
This bill creates a new definition of "Small Manufacturer" and is designed to expand access to capital for U.S. small manufacturers by raising SBA loan limits and adding reporting and oversight.
Show full summary
- It defines a "Small Manufacturer" as a small business whose primary activity falls in NAICS sectors 31, 32, or 33 and whose production facilities are entirely located in the United States.
- It raises SBA 7(a) loan ceilings for small manufacturers, increasing the general cap to $7.5 million and boosting the export-oriented cap to $9.0 million.
- It raises the Small Business Investment Act loan cap for small manufacturers from $5.5 million to $10.0 million and adds accountability: the SBA Inspector General must study first-year loans and the bill requires annual job-creation and retention reports for five years that track dollars-per-job and whether larger loans prevented layoffs.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bigger SBA loans for manufacturers
If enacted, small manufacturers would be able to get larger SBA loans. The bill would define a "small manufacturer" as a small business whose main industry is NAICS sector 31, 32, or 33 and whose production facilities are all in the United States. It would raise the Small Business Investment Act cap from $5,500,000 to $10,000,000. For SBA 7(a) loans, it would let small manufacturers borrow up to $7,500,000 in the general path. For export-related 7(a) loans, it would raise the cap to $9,000,000 and limit working capital, supplies, or export financings to no more than $8,000,000; certain export loans could reach $10,000,000 when the gross loan amount allows.
Sponsors & CoSponsors
Sponsor
Ernst, Joni [R-IA]
IA • R
Cosponsors
Sen. Coons, Christopher A. [D-DE]
DE • D
Sponsored 5/1/2025
Sen. Young, Todd [R-IN]
IN • R
Sponsored 6/27/2025
John Hickenlooper
CO • D
Sponsored 6/27/2025
Sen. Husted, Jon [R-OH]
OH • R
Sponsored 3/5/2026
Sen. Cortez Masto, Catherine [D-NV]
NV • D
Sponsored 3/23/2026
Sen. Scott, Tim [R-SC]
SC • R
Sponsored 4/20/2026
Roll Call Votes
No roll call votes available for this bill.
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