Small Business Administration head Kelly Loeffler said Tuesday on Newsmax that the agency is doubling down on manufacturing, announcing a significant increase in loan limits in line with President Donald Trump’s economic policy.
Loeffler said the agency has doubled its manufacturing loan limits to $10 million to help small businesses invest in U.S.-based production, particularly in critical industries like semiconductors.
“We’ve doubled our manufacturing loan limits to $10 million to ensure that manufacturers have the resources they need, and President Trump is solidly behind that,” Loeffler said on “Carl Higbie FRONTLINE.” “I’m anxious for that to pass real quick [in the] House and Senate.”
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