504 Modernization and Small Manufacturer Enhancement Act of 2025

This bill changes the Small Business Administration's 504 loan program, which helps small businesses finance real estate and equipment through certified development companies. It raises the maximum loan amount for certain manufacturing loans from $5.5 million to $10 million and lowers the share of project costs that small manufacturers must contribute, generally to 5 percent. It lets accredited development companies make certain changes at loan closing, shifts loan file reviews to an SBA risk office, and has designated attorneys certify closing documents. It also sets new rules on how much of a financed building a business may lease to tenants and requires each SBA district office to partner with a resource partner to train manufacturers on the program.

Full text and official record on Congress.gov

Sponsors

• Amy Klobuchar Democrat sponsor
• 1 cosponsors