H.R. 3174
Raises loan limits for small manufacturers
Lets small manufacturers borrow more through two Small Business Administration loan programs, with the top building loan rising from $5.5 million to $10 million.
- Generally doubles the top loan amount for small manufacturers in the 7(a) program
- Raises the top 504 loan amount for small manufacturers from $5.5 million to $10 million
- 7(a) loans cover short- and long-term working capital, such as operating costs
- 504 loans pay for major fixed assets, such as new facilities
Passed the House · Senate's turn