Core Insights - The U.S. House of Representatives passed a bill to double the Small Business Administration's loan limit for domestic manufacturers from $5 million to $10 million, aimed at increasing capital access for small manufacturers [8] - The legislation aligns with the SBA's Made in America Manufacturing Initiative, which seeks to enhance the nation's industrial dominance by reducing regulations and improving capital access for small manufacturers [3][5] - The bill specifically targets manufacturers with production facilities entirely located in the U.S., excluding those with any reliance on international production [4] Legislative Details - The new loan limits are part of the Made in America Manufacturing Finance Act, which is designed to help small manufacturers purchase machinery, expand factories, upgrade equipment, or scale production [8] - The SBA has also introduced an onshoring portal to connect manufacturers with domestic producers and announced the waiver of most upfront fees for manufacturers in fiscal year 2026 [5] - The effectiveness of the new loan program is uncertain, as revolving credit programs have historically faced challenges in popularity among lenders due to their inability to be sold on the secondary market [6] Eligibility Criteria - Most manufacturers with 500 employees or fewer qualify as small businesses eligible for SBA loans, with some exceptions for specific industries like semiconductor machinery and aircraft manufacturing, which can employ up to 1,500 people [7]

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]