SBA’s Working Capital Pilot Program Delivers $150 Million to Support U.S. Manufacturing
WASHINGTON – Today, the U.S. Small Business Administration (SBA) announced a major milestone for its 7(a) Working Capital Pilot (WCP) Program, which has delivered more than $150 million in new lending since its inception – of which more than $125 million was approved since President Trump took office last January. The success of the program is driven largely by small manufacturers, who make up 98% of all U.S. manufacturers and who are experiencing a resurgence thanks to the Trump economic agenda that is restoring American industrial dominance.
“Manufacturing is a growing but capital-intensive industry, which is why SBA’s Working Capital Pilot Program is playing a key role in empowering small firms to reshore their supply chains, hire American workers, and begin growing again after decades of bad trade deals that shipped U.S. jobs and industry overseas,” said SBA Administrator Kelly Loeffler. “The WCP is one of many SBA initiatives tailored to support America’s 600,000 small manufacturers amid the Trump Administration’s work to restore American industrial dominance. The SBA will continue to expand access to capital, support onshoring, and pursue deregulation to drive economic growth, job creation, innovation, and national security.”
The WCP is a complement to the SBA’s core 7(a) and 504 loan programs, developed to help small businesses gain access to the working capital necessary to support their growth. Since its launch, small manufacturers have been the largest beneficiary of the WCP and currently account for more than 25% of the total portfolio. Through WCP, job creators can take advantage of both the asset-based and transaction-based financing options, making the program a potent tool within SBA’s suite of loan offerings alongside the new Manufacturers’ Access to Revolving Credit (MARC) program.
The WCP was built around the innovative annual guarantee fee structure developed and launched during the first Trump Administration to increase flexibility for small businesses and lenders, providing more options when structuring a line of credit…