Lets small manufacturers borrow significantly more money for their businesses and export efforts.
This bill would let small manufacturers borrow significantly more money from the Small Business Administration. It would create a new definition for 'small manufacturer' and then raise the maximum loan amounts they can receive for general business needs and export activities. This means these businesses could access more capital to grow and compete.
Today, small businesses can generally get up to $3,750,000 for a standard loan from the Small Business Administration. They can get $4,500,000 for export loans, and $5,000,000 for specific export loans. Loans under the Small Business Investment Act are capped at $5,500,000. After this bill, small manufacturers, specifically defined, would be able to get up to $7,500,000 for standard loans (or $10,000,000 gross). They could get $9,000,000 for export loans (or $10,000,000 gross), and $10,000,000 for specific export loans. Loans under the Small Business Investment Act would increase to $10,000,000 for them.
HR 3174 · 119th Congress · May 1, 2025 · AI Summary by gemini-2.5-flash · 10/10
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14 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.