March SBA 504 Rates

Congratulations to the New SBA Administrator, Kelly Loeffler!

We are excited to congratulate Kelly Loeffler on her appointment as the 28th Administrator of the U.S. Small Business Administration (SBA). With a strong background in finance, entrepreneurship, and public service, Administrator Loeffler brings a wealth of experience to the role.

Before leading the SBA, Loeffler served as a U.S. Senator from Georgia (2020–2021) and held executive leadership positions in the financial services industry. As a businesswoman, she has firsthand experience with the challenges and opportunities small businesses face in accessing capital, making her well-positioned to champion policies that foster growth and innovation.

Introducing the Made in America Manufacturing Initiative

One of Administrator Loeffler’s first major initiatives is the Made in America Manufacturing Initiative, launched on March 10, 2025. This initiative aims to strengthen domestic manufacturing by expanding access to SBA-backed financing and offering tailored support for manufacturers across the country.

Key Components of the Initiative:

✅ Expanded SBA 504 Loan Access for Manufacturing

• The SBA is reducing barriers to its 504 loan program, which provides long-term, fixed-rate financing for real estate, construction, and equipment purchases.
• The initiative will streamline loan approval processes for manufacturers, enabling faster funding for expansion projects.

✅ Creation of the Office of Manufacturing and Trade

• A new Office of Manufacturing and Trade has been established within the SBA to provide dedicated resources, training, and technical assistance to small manufacturers.
• This office will work closely with industry leaders to identify financing needs and align SBA programs with sector-specific challenges.

✅ Support for Supply Chain Resiliency

• The SBA will focus on helping U.S. manufacturers reduce reliance on foreign suppliers and strengthen domestic supply chains.
• This includes prioritizing financing for companies investing in onshoring production facilities and upgrading equipment for greater efficiency and automation.

✅ Enhanced Partnerships with Local Manufacturers

• The SBA is collaborating with regional manufacturing hubs and state economic development agencies to provide customized support based on local industry needs.
• More funding will be directed toward small and mid-sized manufacturers to help them compete on a global scale.

✅ New SBA Training Programs for Manufacturers

• The SBA will offer specialized workshops, webinars, and mentoring programs tailored to manufacturers, covering topics like exporting, automation, and workforce development.

What This Means for Small Business Owners

If you’re in the manufacturing sector and looking to expand, upgrade equipment, or build a new facility, this initiative could open new doors for financing and support. With streamlined SBA 504 loan access and enhanced technical assistance, now is an excellent time to explore growth opportunities.

📞 Want to learn how the SBA’s Made in America Manufacturing Initiative can support your business? Contact us today to discuss available SBA financing options!