WASHINGTON, DC — Small Business Administration (SBA) Administrator Kelly Loeffler told Breitbart News that the legislation she announced with lawmakers this week would help bring back American “economic independence” and supercharge the return of American industry by boosting SBA loans to small businesses.
Administrator Loeffler, Senate Small Business Committee Chair Joni Ernst (R-IA), House Small Business Committee Chairman Roger Williams, and Sen. Chris Coons (D-DE) make headlines this week when they announced the Made in America Manufacturing Finance Act, a bill that seeks to boost manufacturing in the United States by boosting the capital available to small businesses through the SBA.
Specifically, the bill, if passed through Congress, would double the individual loan limit for the 7(a) and 504 small manufacturing loans from $5 million to $10 million.
Loeffler sees the legislation as something everyone can get behind regardless of political affiliation.
The Made in America bill is what we’ve been needing for a long long time.