Small manufacturers would get access to much larger government-backed loans.
This bill would let U.S.-based small manufacturers borrow significantly more money through government-backed loan programs. It would nearly double the maximum loan amounts available, helping these businesses grow and create jobs. The Small Business Administration would also have to report on the impact of these larger loans.
Today, small businesses can get government-backed loans. These loans have maximum limits like $3,750,000, $4,500,000, $5,000,000, or $5,500,000, depending on the loan type. If this bill passes, small manufacturers with all production facilities in the U.S. would see these limits increase. They could borrow up to $7,500,000, $9,000,000, or $10,000,000, depending on the loan type, allowing them to borrow more money.
S 1555 · 119th Congress · May 1, 2025 · AI Summary by gemini-2.5-flash · 8/10
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10 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.