The U.S. Small Business Administration recently 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, specifically designed to provide maximum flexibility and minimal red tape.
“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,” said SBA Administrator Kelly Loeffler.
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, making it a potent new tool in support of the Administration’s effort to re-shore American industrial dominance.
Complete details on the new MARC Loan Program will be posted at www.sba.gov.
Training for SBA Lenders can be found on SBA’s lender Training on Demand web page.
