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The U.S. Small Business Administration (SBA) has launched its first-ever loan program dedicated to supporting America’s small manufacturers. The 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program will offer working capital for small businesses engaged in manufacturing (NAICS 31-33).
“With 98% of American manufacturers classified as small businesses, the new MARC Loans represent a powerful source of targeted capital for those who are growing our nation’s production,” says Kelly Loeffler, SBA administrator. “The SBA is working alongside President Trump to rebuild our industrial dominance by empowering small businesses to bring back Made in America. For decades, our manufacturers and workers were crushed by bad trade deals that outsourced American jobs, supply chains, and strength. Thanks to the America First Agenda, we’re building again – and this working capital program will empower manufacturers to create jobs, supercharge growth, and reshore American industrial might.”
The MARC Program expands SBA’s portfolio of loan programs by adding a new source of liquidity for small manufacturers, while offering lenders maximum flexibility to structure working capital loans. This provides more options to meet businesses’ unique working capital needs:
- MARC lines may be structured as either a revolving line of credit or term loan.
- The MARC is positioned to help growing manufacturers access flexible working capital as they scale their operations and take on new customers.
- Loan funds may be used for any short-term working capital need of the manufacturer, supporting everything from inventory purchases to new projects.
- MARC lines of credit can help manufacturers expand their working capital by leveraging the available equity of their existing facility or equipment.
The MARC Program complements the SBA’s core 7(a) and 504 loan programs, providing a flexible new line of credit to manufacturers and lenders. MARC Loans can be used in combination with SBA and conventional commercial loans.