S 1555119th CongressIn Committee

Made in America Manufacturing Finance Act of 2025

Introduced: May 1, 2025

Sponsor: Sen. Ernst, Joni [R-IA] (R-Iowa)

Economy & TaxesFinancial Services

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Made in America Manufacturing Finance Act of 2025 increases loan limits for small manufacturing businesses with all production facilities located in the United States. The bill doubles the maximum loan amounts available under Small Business Administration (SBA) programs specifically for "small manufacturers"—businesses primarily engaged in manufacturing (NAICS sectors 31-33) with all production facilities in the U.S. The legislation aims to provide manufacturers with greater access to capital for expansion, equipment purchases, working capital, and export activities while maintaining oversight through required Inspector General analysis and annual reporting on job creation and retention.

Key Points

1Defines "small manufacturer" as a small business primarily classified in manufacturing sectors (NAICS 31-33) with all production facilities located in the United States
2Doubles SBA 7(a) loan limits for small manufacturers from $3.75 million to $7.5 million in guaranteed amounts, and from $5 million to $10 million in gross loan amounts
3Increases working capital limits from $4.5 million to $9 million for small manufacturers, with up to $8 million available for working capital, supplies, or export financing
4Raises 504 loan program limits from $5.5 million to $10 million for small manufacturers seeking long-term fixed-asset financing
5Requires Inspector General review within two years to assess default rates, early defaults, and whether increased limits introduce additional financial risk to the zero-cost requirement of SBA loan programs

Impact Areas

Small manufacturing businesses across all 50 states will have access to significantly larger loan amounts for expansion, equipment purchases, and operationsJob creation and retention in the manufacturing sector, with mandatory annual reporting for five years on jobs created or retained per dollar loanedFederal loan programs and taxpayers, as the Inspector General must assess whether larger loans increase default risk or threaten the programs' requirement to operate at no cost to the governmentCongressional oversight, with multiple reporting requirements to the Senate Committee on Small Business and Entrepreneurship and House Committee on Small Business

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