To increase loan limits for loans made to small manufacturers, and for other purposes.
Sponsors
Legislative Progress
ReportedReported by Ms. Ernst, with an amendment
Ms. Ernst (for herself, Mr. Coons, Mr. Young, and Mr. …
Ms. Ernst (for herself and Mr. Coons) introduced the following …
Summary
What This Bill Does
Doubles SBA 7(a) loan limits for small manufacturers with all production facilities in the United States. Standard limits increase from $3.75 million to $7.5 million, with export-related limits rising from $4.5 million to $9 million.
Who Benefits and How
Domestic small manufacturers gain access to larger loans for equipment, expansion, and working capital. Lenders benefit from larger guaranteed loan opportunities. US manufacturing employment may increase with expanded access to capital.
Who Bears the Burden and How
Taxpayers bear increased risk exposure from larger guaranteed loans. The SBA assumes greater administrative burden for larger loans. Manufacturers with foreign production facilities are excluded from enhanced limits.
Key Provisions
- Defines "small manufacturer" as NAICS sectors 31-33 with all US production
- Raises standard 7(a) limits from $3.75M to $7.5M for manufacturers
- Raises export-related limits from $4.5M to $9M for manufacturers
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Increases SBA loan limits for small manufacturers from $3.75 million to $7.5 million to support domestic manufacturing
Policy Domains
Legislative Strategy
"Incentivize domestic manufacturing through enhanced SBA lending"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
Key Definitions
Terms defined in this bill
A small business concern whose primary business is classified in NAICS sectors 31, 32, or 33 and all production facilities are located in the United States
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology