Small Business Administration Unveils Loan Program for Small Manufacturers

Small Business Administration unveils loan program for small manufacturers

Eligible borrowers will be able to access revolving credit of up to $5 million for working capital needs, effective Oct. 1, and use the funds in tandem with other SBA and commercial loans.

SBA Launches Loan Program for Small Manufacturers

WASHINGTON – The U.S. Small Business Administration has launched a new loan program dedicated to supporting small manufacturers. The 7(a) Manufacturer’s Access to Revolving Credit Loan Program will offer working capital with maximum flexibility and minimal red tape, according to the SBA. “With 98% of American manufacturers classified as small businesses, the new MARC loans […] The post SBA Launches Loan Program for Small Manufacturers appeared f…

SBA launches first loan program for American manufacturers

On Sept. 4, the U.S. Small Business Administration launched its first loan program dedicated to supporting America’s small manufacturers, which make up 98% of all U.S. manufacturing companies. The 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program will offer working capital for small businesses engaged in manufacturing, specifically designed to provide greater flexibility and reduced red tape. “The new MARC Loans represent a powe…

SBA launches new loan program to boost small manufacturers

The U.S. Small Business Administration (SBA) on September 1 launched its first-ever loan program specifically aimed at supporting America’s small manufacturers, which account for 98% of all U.S. manufacturing firms. The 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program offers flexible working capital for manufacturers with minimal red tape. Under the MARC program, small manufacturers can access funds structured as either a revol…