"Main Street is roaring back under President Trump”
Texas Insider Report: WASHINGTON, D.C. – "We must continue empower the job creators who keep our communities thriving," said House Small Business Committee Chairman Roger Williams. "Together we'll continue driving the 'America First Agenda' forward, and create an environment where the success of Main Street is a priority," and the Texas Congressman, as he and Senate Small Business Committee Chair Joni Ernst (R-IA) introduced bi-partisan legislation with Senator Chris Coons (D-DE) to continue unleashing American industry.
Manufacturing loans are already up 74% under President Trump, and by doubling the individual loan limit for 7(a) and 504 small manufacturing loans from $5 million to $10 million, the "Made in America Manufacturing Finance Act" will allow small businesses to access the capital they need to invest in new equipment, hire new employees, and grow their businesses.
“The Made in America Manufacturing Finance Act provides small business owners the capital they need to expand, modernize, and compete. I want to thank Administrator Loeffler, and Senators Ernst and Coons for their partnership on this crucial legislation to we support America’s small businesses, which make up nearly 99% of all U.S. manufacturers,” said Cong. Williams (R-Texas). "The 'Made in America Manufacturing Finance Act' will double SBA loan limits for small manufacturers, supercharging the return of American industry by giving small businesses the capital they need to expand, hire, and compete," said the SBA's Loeffler, who was appointed by President Trump to lead the U.S Small Business Admonistration back to strength.
"I’m grateful to Senator Ernst and Representative Williams for leading this bipartisan effort that will empower our small businesses to reclaim our economic independence and rebuild the foundation of American power.”
"I’m grateful to Senator Ernst and Representative Williams for leading this bipartisan effort that will empower our small businesses to reclaim our economic independence and rebuild the foundation of American power.”
After discussing undoing the damage of the Biden administration and fixing the financial integrity of the 7(a) loan program with Administrator Kelly Loeffler during her confirmation hearing, Ernst praised Loeffler for restoring financial responsibility to SBA’s loan programs.
“Today marks a major step in bringing back ‘Made in America.’ I'm proud to work with Administrator Loeffler and Chairman Williams, and to continue unleashing American industry by allowing small manufacturers to grow and equipping Iowa small business to lead the way,” said Senator Ernst.
“In Iowa and across the country, Main Street is roaring back under President Trump,” Ernst said.
"On Liberation Day, President Trump made a clear promise to fight for our businesses and workers by bringing back the jobs and supply chains that built this nation — and today, we’re delivering," said Loeffler.
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Click here to view the bill.
