House Approves Bill to Boost Manufacturing Loans for Small Businesses
December 2, 2025 - 10:47
In a significant move to support small manufacturers, the U.S. House of Representatives has unanimously passed H.R. 3174, also known as the Made in America Manufacturing Finance Act. This new legislation will double the loan limit for small manufacturers from $5 million to an impressive $10 million through the Small Business Administration (SBA).
Administrator Kelly Loeffler expressed her strong approval of the bill, highlighting its potential to empower small businesses across the nation. By increasing the loan limits, the act aims to provide manufacturers with the necessary financial resources to expand their operations, invest in new technologies, and create jobs.
The bipartisan support for this initiative reflects a shared commitment to strengthening American manufacturing and ensuring that small businesses have the tools they need to thrive in a competitive market. The passage of H.R. 3174 is seen as a crucial step toward revitalizing the manufacturing sector and fostering economic growth in communities nationwide.
MORE NEWS
January 16, 2026 - 03:55
Stocks Take a Breather as Volatile Week Draws to a CloseStocks are taking a breather at the end of a week packed with developments and earnings ahead of the long weekend. Major indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq,...
January 15, 2026 - 20:45
Wall Street's Major Banks Report Significant Profit Increases Amid Stock Market SurgeThe recent surge in the stock market, coupled with an increase in deal-making activity, has led to impressive profit growth for two of Wall Street`s leading investment banks. In the fourth quarter,...
January 15, 2026 - 13:46
Penn Township Dismisses Finance Director After Brief TenureIn a decisive move, the commissioners of Penn Township voted unanimously on Wednesday night to terminate the employment of Finance Director Jaime Peticca, just five months after her appointment....
January 14, 2026 - 19:35
December Sees Rise in Existing Home Sales, Yet Annual Figures Paint a Grim PictureExisting home sales experienced a notable increase of 5.1% in December, offering a glimmer of hope in an otherwise challenging housing market. However, when looking at the full-year data for 2025,...