DiscoverSBA TodayUnlocking MILLIONS for Manufacturing? SBA Just Dropped HUGE News | May 6, 2025
Unlocking MILLIONS for Manufacturing? SBA Just Dropped HUGE News | May 6, 2025

Unlocking MILLIONS for Manufacturing? SBA Just Dropped HUGE News | May 6, 2025

Update: 2025-05-07
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This week's SBA Today cracks open the exciting new legislation aimed at supercharging US manufacturers! Paul and Tonya break down the "Made in America Manufacturing Financing Act" – could businesses tap into loans up to $10 MILLION? We also dive into the game-changing E2G program with grants up to $1.1 MILLION! Don't miss how these changes, plus crucial SBA SOP updates you NEED to know, could fuel your growth.

Key Takeaways:

  • Ownership Rule Confusion: New SOP changes have created confusion around co-borrower vs. guarantor requirements, especially in partial ownership changes, with technical corrections expected.
  • SBA Rule Awareness: Many brokers are unaware of recent SBA fee changes, and escrow holdbacks must comply with the 5-day rule.
  • House Bills: The House Small Business Committee advanced 7 bills, including measures to: Decentralize the SBA ➡️Codify citizenship verification ➡️Address SBA offices in sanctuary cities ➡️Limit SBLC licenses ➡️Increase transparency on regulatory costs ➡️Require cost impact analysis for new regulations.

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⚠️ Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

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Unlocking MILLIONS for Manufacturing? SBA Just Dropped HUGE News | May 6, 2025

Unlocking MILLIONS for Manufacturing? SBA Just Dropped HUGE News | May 6, 2025