Strengthening small business growth: Supporting the Made in America Manufacturing Finance Act

December 17, 2025

Small businesses, particularly employer firms, are the backbone of the U.S. economy—creating jobs, driving local growth, and expanding opportunities for communities. Yet many businesses struggle to access growth capital at the scale needed to expand, innovate and compete. SBA programs can help solve this investment gap and measure the impact that drives local economic resilience.

The challenge

Existing loan limits under SBA programs often fall short for small manufacturers seeking to invest in new technologies, expand operations, or compete with larger firms. Research from the JPMorganChase Institute shows only a small share of small businesses reach $1 million in revenue within five years—a critical milestone for long-term growth. Business owners in underserved communities face additional hurdles in startup and growth capital that impact profit margins, liquidity, and external financing.

The opportunity

The Made in America Manufacturing Finance Act (S. 1555/HR 3174) will help small manufacturers build and expand their businesses, hire more employees, boost benefits, and compete with larger, more capitalized firms by:

• Amending the Small Business Act and Small Business Investment Act to increase loan limits for small manufacturers operating entirely within the United States.
• Raising maximum loan amounts available under SBA 7(a) and 504/CDC programs.
• Mandating analysis and reporting on loan performance, job creation, and retention resulting from these larger loans.

The legislation has already passed the House with strong bipartisan support and awaits consideration in the Senate.

Our commitment

As the nation’s leading small business bank, JPMorganChase is committed to supporting businesses at all stages of their journey. We help business owners overcome major obstacles by providing mentorship, financial training, and access to capital that small businesses need to grow and succeed. We’re proud to strengthen small businesses in the following ways:

• Serve more than 7 million small business customers, issuing over $40 billion in loans and lines of credit in 2024.
• Hire more than 1,000 small business bankers by the end of 2025 to build relationships in more communities and expand access to credit, advice, and education for more small businesses—including through Chase’s complimentary one-on-one Coaching for Impact program.
• Support initiatives that connect small and medium-sized supplier businesses with corporate and government customers, prioritizing critical sectors like semiconductors, energy, reshoring manufacturing, AI, and telecom.
  • Most recently, we provided $2.4 million to Next Street, a leading small business advisory firm, to help small businesses compete for contracts in the semiconductor supply chain and capitalize on CHIPS Act investments.
• Facilitate, finance, and invest in industries critical to national economic security and resiliency.
  • As part of JPMorganChase’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan, JPMorganChase will make direct equity and venture capital investments of up to $10 billion to help select companies primarily in the United States enhance their growth, spur innovation, and accelerate strategic manufacturing.
• Champion policy solutions that help expand access to capital and strategic resources for small businesses.
  • JPMorganChase PolicyCenter: Federal Opportunities to Strengthen Small Business Vitality and Resiliency
  • JPMorganChase & Bipartisan Policy Center Letter to SBA Administrator Loeffler

We look forward to working together to advance solutions that support small business growth and strengthen the American economy.