WASHINGTON, D.C. — Siemens Financial Services has secured federal approval to participate directly in the U.S. Small Business Administration’s flagship lending program, positioning the company to expand financing for manufacturers, technology firms, healthcare providers, and other capital-intensive industries.
The SBA has granted a Small Business Lending Company (SBLC) license to Siemens Small Business Lending Inc., making it one of only 16 approved non-bank SBA lenders nationwide. The designation allows the company to originate SBA 7(a) loans, the federal government’s primary small-business lending program.
The approval marks the first time an industrial technology company has received an SBLC license, according to the SBA.
The move expands the pool of private-sector lenders participating in SBA-backed financing at a time when policymakers are emphasizing domestic manufacturing, infrastructure investment, and technology adoption as drivers of economic growth.
SBA Administrator Kelly Loeffler pointed to rising demand for business financing as companies seek capital to expand operations, hire workers, and invest in new technologies.
“Demand for capital is rising,” Loeffler stated, adding that Siemens Financial Services has committed to prioritizing lending in industries including manufacturing, energy, healthcare, logistics, and advanced technology.
Siemens Financial Services, the U.S. financing arm of Siemens, plans to use the program to support small and medium-sized businesses pursuing automation, digitalization, and industrial technology investments.
Doug Maher, chief executive officer of Siemens Financial Services Inc., indicated that the SBA lending authority will help the company expand access to financing for businesses seeking to adopt industrial artificial intelligence and other advanced technologies.
“For more than a decade, SFS has supported small and medium-sized businesses in scaling and expanding through automation and digitalization,” Maher noted.
The SBA highlighted broader growth in its lending programs, reporting that its 7(a) and 504 loan programs supported a record $45 billion in financing to approximately 85,000 small businesses during fiscal 2025 through a network of more than 4,300 lenders.
Agency officials characterized Siemens’ entry into the program as part of a broader increase in private-sector participation in federally backed small-business lending.
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