FIRST ON FOX: A cooperative framework between the Trump administration, the Senate DOGE Caucus chairwoman and the House’s top small-business lawmaker seeks to boost domestic manufacturing by doubling the capital small businesses can access.
Manufacturing loans have increased by 74% during President Donald Trump’s first 100 days in office, sponsors of the Made In America Manufacturing Finance Act told Fox News Digital.
Proponents of the measure say that by doubling the limit from $5 million to $10 million for 7(a) and 504 loans geared toward small-manufacturing outfits that may not be able to borrow from traditional banks, those small businesses will be able to invest more in their workforce and their products alike.
House Small Business Committee chairman Roger Williams, R-Texas, told Fox News Digital on Wednesday that he, Sen. Joni Ernst, R-Iowa, and Small Business Administration (SBA) Administrator Kelly Loeffler are proud to collaborate on the legislation.
“The Made in America Manufacturing Finance Act provides small business owners the capital they need to expand, modernize and compete,” Williams said. “We must continue to support and empower the job creators who keep our communities thriving.”
This is an excerpt of an article by FOX Business’ Charles Creitz
Read the full article here
