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Senate hearing spotlights bill to double SBA loan cap, onshoring portal and private-public manufacturing support
Summary
Senate Small Business and Entrepreneurship Committee and SBA Administrator Loeffler discussed the Made in America Manufacturing Finance Act — which would raise SBA-backed loan limits from $5 million to $10 million for small manufacturers — and related SBA onshoring and financing initiatives.
Chair Ernst, chair of the Senate Committee on Small Business and Entrepreneurship, opened the hearing by saying the committee would examine how the Small Business Administration could expand and support investment in small manufacturers and called current manufacturing declines “staggering.”
The committee and Administrator Loeffler focused on the Made in America Manufacturing Finance Act of 2025, bipartisan legislation described at the hearing as a proposal to raise SBA-backed loan limits for the 7(a) and 504 loan programs from $5,000,000 to $10,000,000 for small manufacturers. Administrator Loeffler described the bill as a first step to “supercharge the return of American manufacturing,” and said the higher caps would let manufacturers invest in equipment and hire workers to onshore production and rebuild supply chains.
Why it matters: committee members and the…
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