Federal News
Senators Advance SBA Loan Expansion
March 17, 2026
Senators Joni Ernst and Jon Husted are leading bipartisan efforts to pass the Made in America Manufacturing Finance Act, which proposes doubling Small Business Administration (SBA) loan limits from $5 million to $10 million. This legislation aims to increase access to capital for small U.S.-based manufacturers, enabling them to expand, modernize, and compete more effectively in the growing manufacturing sector, including industries such as the pet economy. The bill reflects a strategic focus on revitalizing American manufacturing jobs and supporting small manufacturers like Blue-9 Pet Products in Iowa.
- Why this matters: Procurement professionals should note the potential increase in available financing for small manufacturers, which may expand the pool of capable suppliers and contractors.
- The SBA loan limit increase could stimulate modernization and capacity growth among small manufacturers, impacting supply chain dynamics.
- Companies serving or partnering with small manufacturers may find new business opportunities as these firms scale operations.
- Agencies and contractors should consider how expanded SBA financing might influence procurement strategies and vendor outreach in manufacturing sectors.
Every big business started as a small business that just needed a little help to grow. This bipartisan bill builds on years of work to give small manufacturers access to the funding they need to invest in their American dream.
— Chris Coons, Senator
The Made in America Manufacturing Finance Act provides small business owners the capital they need to expand, modernize, and compete. We must continue to support and empower the job creators who keep our communities thriving.
— Roger Williams, Representative
In Iowa and across the country, Main Street is roaring back under President Trump. I am proud to work with Administrator Loeffler and Chairman Williams to continue unleashing American industry by allowing small manufacturers to grow and equipping Iowa small business to lead the way.
— Joni Ernst, Senator
Agencies
Small Business Administration, U.S. Senate, U.S. Senate Committee on Small Business and Entrepreneurship, U.S. House of Representatives
Vendors
Blue-9 Pet Products
Locations
Sources
- Ernst Works to Grow the Small Business P... | U.S. Senator Joni Ernst · Ernst Senate · Mar 12
- Husted joins bill to expand capital for American manufacturers · Husted Senate · Mar 17