WASHINGTON, D.C. — The U.S. Small Business Administration (SBA) has reported a remarkable 74% increase in the number of SBA 7(a) loans approved for small manufacturers during the first 90 days of the Trump Administration compared to the same period in the Biden Administration. This surge reflects a renewed focus on supporting small manufacturers and bolstering domestic production.
Between January 20 and April 20, 2025, the SBA approved over 1,120 7(a) loans for manufacturers, representing a total loan volume of $677 million. By contrast, fewer than 650 loans totaling $497 million were approved during the same 90-day period in 2021. The 7(a) loan program, a vital public-private partnership, offers government-backed loans to small businesses for purposes like equipment purchases, working capital, real estate acquisition, and business expansion.
“Loan applications and approvals for small manufacturers are surging – a clear sign that American manufacturing is roaring back, fueled by pro-growth policies that put American workers and businesses first,” said SBA Administrator Kelly Loeffler. “Thanks to President Trump’s agenda to restore economic and national security, SBA is helping to power an industrial comeback – meeting massive demand to help America’s small producers expand operations, create good-paying jobs, and restore our supply chains.”
This manufacturing revival aligns with broader economic trends under President Trump, who prioritized tax cuts, deregulation, energy independence, and trade policies designed to strengthen the sector. Notably, U.S. manufacturers added 10,000 jobs during his first full month in office, reversing substantial job losses under the previous administration.
Further supporting this rebound, the SBA recently launched its Made in America Manufacturing Initiative. The program aims to cut $100 billion in regulatory burdens, improve access to financing for small manufacturers, and foster workforce development. SBA officials have engaged directly with small manufacturers nationwide through site visits and roundtables as part of the initiative’s Made in America Roadshow.
The recent surge in SBA-backed manufacturing loans underscores a revitalized commitment to domestic production and economic resilience. Looking ahead, the ongoing efforts under the Made in America Manufacturing Initiative signal a dedicated push to sustain and expand the momentum in America’s industrial sector.
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