Made in America Manufacturing Finance Act

This section defines a 'small manufacturer' as a small business concern whose primary business is classified in North American Industrial Classification System (NAICS) sectors 31, 32, or 33 (which cover manufacturing activities), and importantly, all of its production facilities must be located in the United States. This definition is critical as it determines which businesses are eligible for the increased loan limits provided by the bill.

This section substantially increases the maximum loan amounts available to small manufacturers under the SBA's flagship 7(a) loan program. For standard 7(a) loans, the maximum guarantee amount increases from $3,750,000 to $7,500,000 (for gross loan amounts up to $10,000,000). For export-related 7(a) loans, the maximum guarantee increases from $4,500,000 to $9,000,000 (for gross loan amounts up to $10,000,000), with up to $8,000,000 specifically for working capital or export purposes.

This section increases the maximum amount of a 504 loan for small manufacturers from $5,500,000 to $10,000,000. The 504 loan program provides long-term, fixed-rate financing for major fixed assets, such as real estate, buildings, and machinery. This increase allows small manufacturers to finance significantly larger capital expenditures, facilitating major facility upgrades or new construction.