SBA loan limit for small manufacturers set to double under new House bill

The U.S. House of Representatives unanimously passed H.R. 3174, the Made in America Manufacturing Finance Act, which doubles the Small Business Administration’s loan limit for small manufacturers from $5 million to $10 million. The legislation, sponsored by Rep. Roger Williams, chairman of the House Committee on Small Business, now moves to the Senate for consideration.

SBA Administrator Kelly Loeffler hailed the bipartisan vote as a significant step toward supporting American industry. “U.S. manufacturers — of which 98% are small businesses — require more capital to meet rising demand in an economy that is now being built by Americans, for Americans,” Loeffler said in a statement. The legislation brings manufacturers closer to obtaining the resources needed to grow the domestic industry and create more American jobs.

Rep. Williams emphasized the bill’s impact on small manufacturers’ ability to invest, scale, and compete, calling them “the backbone of our industrial base.” He added that the measure advances an America First agenda, ensuring Main Street remains a driver of U.S. innovation.

The act aligns with the SBA’s Made in America Manufacturing Initiative, a broad effort launched earlier this year to strengthen domestic manufacturing. The initiative focuses on cutting regulations, expanding access to capital, highlighting existing U.S. production capabilities, and supporting the development of a skilled manufacturing workforce.

As part of these efforts, the SBA has already introduced programs designed to bolster small manufacturers. The Make Onshoring Great Again Portal helps businesses identify domestic suppliers and shift supply chains back to the U.S. Meanwhile, the 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program represents the agency’s first loan program dedicated specifically to small manufacturers. In addition, the SBA will waive most upfront fees for small manufacturers (NAICS 31-33) in Fiscal Year 2026 to encourage investment in U.S. production and growth.

With H.R. 3174 now headed to the Senate, industry leaders and lawmakers say the bill could accelerate the resurgence of U.S.-based manufacturing, providing small businesses the capital they need to expand operations and create jobs.