SBA Manufacturing Loans Skyrocket Under Trump Administration
WASHINGTON — Today, the U.S. Small Business Administration (SBA) announced a major surge in manufacturing loans during the first 90 days of the Trump Administration. Compared to the same period during the Biden Administration, the number of SBA 7(a) loan approvals for small manufacturers has increased by 74%. The 7(a) loan program is SBA’s flagship program, a public-private partnership which offers government-guaranteed loans to help small businesses finance equipment purchases, real estate acquisition, working capital (including revolving credit lines), and business expansion. Since Jan. 20, 2025, SBA has approved over 1,120 7(a) loans for manufacturers with a total loan volume of $677 million. During the same period in 2021, SBA approved less than 650 7(a) loans for manufacturers with a total loan volume of $497 million. Nearly 99% of American manufacturers are considered to be small businesses . “Loan applications and approvals for small manufacturers...