“By expanding growth capital for our manufacturers, we can bring jobs back to Ohio and the products we use every day back to our shores.”
WASHINGTON – Sen. Jon Husted (R-Ohio) joined Sens. Joni Ernst (R-Iowa) and Chris Coons’ (D-Del.) bipartisan Made in America Manufacturing Finance Act. The bill would expand access to growth capital for small U.S.-based manufacturers.
Rep. Roger Williams (R-Texas) leads the companion bill to the Made in America Manufacturing Finance Act in the U.S. House of Representatives, which passed the House on Dec. 1, 2025.
“The best way to bring down costs for working families is to bring back ‘Made in America.’ With the help of this bill, Ohio’s manufacturing industry is ready to take on the task. By expanding growth capital for our manufacturers, we can bring jobs back to Ohio and the products we use every day back to our shores,” said Husted.
“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. Today marks a major step in bringing back ‘Made in America,’” said Ernst.
“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. This is how we keep manufacturing jobs in America and help communities up and down Delaware thrive,” said Coons.
“I want to thank Administrator Loeffler and my colleagues in the House and Senate for their partnership on this crucial legislation, as we support America’s small businesses, which make up nearly 99% of all U.S. manufacturers. 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. Together, we will continue driving the America First Agenda forward and creating an environment where the success of Main Street is a priority,” said Williams.
The SBA guarantees a portion of loans made by private lenders to reduce risk and help small businesses access financing for working capital, equipment costs, real estate, expansion, refinancing and exports. The Made in America Manufacturing Finance Act would:
- Raise the standard SBA 7(a) and 504 loan limit for small manufacturers to $10 million.
- Double the Export Working Capital Program cap from $5 million to $10 million.
Full text of the bill is available here.