Made in America Manufacturing Finance Act
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Topic: Commerce
Sponsor: Rep. Williams, Roger [R-TX-25] (R) - TX
Summary
This bill increases the maximum loan amounts available to small manufactures under the Small Business Administration's 7(a) and 504 loan programs.
In particular, the bill generally doubles the maximum loan amount for small manufacturers under the 7(a) program and the bill increases the maximum loan amount for small manufacturers under the 504 program from $5.5 million to $10 million.
Generally, 7(a) loans provide short- and long-term working capital which can be used for expenses such as operational needs. 504 loans provide financing for major fixed assets such as new facilities.
Legislative Subjects
Commerce; Government lending and loan guarantees; Manufacturing; Small business
Latest Action
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
2025-12-04
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