HR 3174119th CongressIntroduced

Made in America Manufacturing Finance Act

Introduced: May 1, 2025

Sponsor: Rep. Williams, Roger [R-TX-25] (R-Texas)

Economy & TaxesFinancial Services

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Made in America Manufacturing Finance Act would expand the size of certain U.S. Small Business Administration (SBA) loan programs to better support domestic manufacturing. It creates a new definition of “small manufacturer” for SBA purposes—restricting eligibility to small businesses whose primary activity is in NAICS sectors 31–33 (manufacturing) and whose production facilities are entirely located in the United States. The bill then raises the permissible loan amounts for these small manufacturers under two SBA programs: the 7(a) loan program (the SBA’s flagship small-business loan program) and the Small Business Investment Company (SBIC) program. It also modifies export-related loan limits within the 7(a) program to allow larger export-focused financing for small manufacturers. Overall, the aim is to increase access to credit for U.S. manufacturers to grow production and export activity, with an emphasis on domestic manufacturing.

Key Points

1Defines “small manufacturer” as a small business whose primary business is in sectors 31–33 of NAICS and whose production facilities are all located in the United States.
2SBA 7(a) loan limits for small manufacturers:
3- Non-export (general) loans: up to $7.5 million for small manufacturers (with a potential provision allowing a total loan amount up to $10 million in certain cases).
4- Export-related 7(a) loans: up to $9.0 million for small manufacturers (with a potential provision allowing a total loan amount up to $10 million in certain cases), and not more than $8.0 million of that amount may be used for working capital, supplies, or other financing under the export-related authority.
5Export financing caps updated: For export purposes, the 7(a) loan limit would be $5.0 million generally, but up to $10.0 million for small manufacturers; and the portion used for working capital/export financing can be limited to $8.0 million.
6SBA SBIC program loan limits for small manufacturers: Increases the loan limit under the Small Business Investment Act from $5.5 million to $10.0 million for small manufacturers.

Impact Areas

Primary affected group/area: Small manufacturers that are primarily engaged in sectors 31–33 of the NAICS classification and whose production facilities are all located in the United States. These firms would have higher loan caps available through SBA programs to finance expansion, equipment, working capital, and export activities.Secondary affected group/area: SBA loan lenders and SBICs (private investment funds that partner with the SBA), which would see higher permissible exposure per borrower in these programs. This could influence lending decisions and terms for qualifying small manufacturers.Additional impacts:- Encourages domestic manufacturing growth and potential reshoring by making larger, more flexible financing available.- Could influence job creation in manufacturing and related supply chains if access to capital increases.- Implications for public credit exposure and federal program oversight, as higher loan limits may affect default risk and the need for appropriate underwriting standards and safeguards.

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