Bill > HR3174

This bill aims to support small manufacturers in the United States by increasing loan limits and providing more flexible financing options. The bill first defines a "small manufacturer" as a small business primarily operating in manufacturing sectors (31, 32, or 33 of the North American Industrial Classification System) with all production facilities located in the United States. The legislation increases loan limits for small manufacturers under the Small Business Act, raising the maximum loan amount from $3,750,000 to $7,500,000 for certain loans, and up to $9,000,000 for specific types of financing, with provisions allowing up to $10,000,000 in certain circumstances. Additionally, the bill increases the loan limit under the Small Business Investment Act from $5,500,000 to $10,000,000 specifically for small manufacturers. These changes are designed to provide more financial flexibility and support for domestic manufacturing businesses, potentially helping them invest in growth, working capital, supplies, and export-related activities. The bill represents an effort to strengthen the U.S. manufacturing sector by improving access to capital for smaller manufacturing enterprises.

Budget and Finance, Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3174/all-info