Administrator Loeffler Applauds House Passage of “Made in America Manufacturing Finance Act”

Core Points - The U.S. House of Representatives passed H.R. 3174, the Made in America Manufacturing Finance Act, which will increase the SBA's loan limit for small manufacturers from $5 million to $10 million [1][2] - The legislation aims to support small manufacturers, who constitute 98% of U.S. manufacturers, by providing them with more capital to meet rising demand [2] - The SBA's Made in America Manufacturing Initiative includes efforts to cut regulations, expand access to capital, and promote a skilled manufacturing workforce [2][3] Group 1 - The Made in America Manufacturing Finance Act is sponsored by Congressman Roger Williams and is seen as a step towards enhancing the competitiveness of small manufacturers [1][2] - The SBA has launched initiatives such as the Make Onshoring Great Again Portal to assist small manufacturers in relocating supply chains domestically [3] - The SBA will waive most upfront fees for small manufacturers in Fiscal Year 2026 to encourage investment in U.S. production [3] Group 2 - Administrator Kelly Loeffler emphasized the importance of the legislation in supporting American jobs and industry [2] - The Act aligns with the broader goals of the SBA to rebuild industrial dominance in the U.S. [2] - The collaboration between the House and Senate on this legislation reflects a bipartisan effort to strengthen the industrial base of the country [2]