Summary#
This bill, the Made in America Manufacturing Finance Act of 2025, defines "small manufacturer" and raises maximum loan sizes for certain Small Business Administration (SBA) and Small Business Investment Act programs for those manufacturers.
It defines a small manufacturer as a small business whose primary business is in NAICS sectors 31, 32, or 33 and whose production facilities are all located in the United States.
Key changes in loan limits in the bill text include:
- For SBA 7(a) loans, a borrower that is a small manufacturer may have a maximum loan amount of $7,500,000 in one listed provision.
- In a related 7(a) provision, a borrower that is a small manufacturer may have a maximum loan amount of $9,000,000. Of that $9,000,000 amount, not more than $8,000,000 may be used for working capital, supplies, or export-related financing under the law's paragraph (14).
- The bill raises the cap in paragraph (14) (export-related loans) to $10,000,000 for loans made to a small manufacturer.
- Under the Small Business Investment Act, the bill changes a listed maximum from $5,500,000 to $10,000,000.
The text includes references to a separate "gross loan amount would exceed $10,000,000" condition in a couple of places; the bill text keeps that phrase where relevant.
What it means for you#
- If your business meets the bill's definition of a small manufacturer (NAICS 31, 32, or 33 and U.S.-based production facilities), you would be eligible for higher maximum SBA 7(a) loan amounts than under the current caps cited in the bill text.
- Some of the larger amounts have limits on how much can be used for working capital, supplies, or export financing (for example, not more than $8,000,000 of a $9,000,000 loan in one provision).
- The bill also raises a separate Small Business Investment Act maximum from $5,500,000 to $10,000,000, which could affect other financing programs cited in that Act.
Expenses#
No publicly available information. The provided bill text and metadata do not include a cost estimate, budgetary score, or details on government spending or savings.
Proponents' View#
Sponsors listed in the provided metadata: Joni Ernst, Christopher Coons, Todd Young, John Hickenlooper, Jon Husted, Catherine Cortez Masto, and Tim Scott.
No publicly available information in the provided material about proponents' stated reasons, detailed goals, or supporting statements.
Opponents' View#
No publicly available information in the provided material about opponents' reasons, objections, or official opposition.