United States Government Programs for Domestic Manufacturing
EXIM Bank – Make More in America Initiative
The Make More in America Initiative enables the EXIM Bank to provide medium- and long-term loans, loan guarantees, and insurance for United States-based manufacturing projects. To qualify, projects must produce goods with export potential and demonstrate an export nexus of at least 15 percent for strategic sectors or 25 percent for other industries. Eligible sectors include semiconductors, clean energy, biotechnology, and advanced manufacturing. Foreign-owned companies may also participate if their investments create jobs in the United States and generate export revenues. EXIM financing is scaled according to job creation, with approximately $205,336 in financing available per job-year. The maximum support is limited to 80 percent of the total project financing.
Small Business Administration (SBA) – Made in America Manufacturing Initiative (2025)
This newly created initiative by United States SBA enhances access to capital for United States-based small manufacturers (generally under 500 employees), particularly through the SBA’s 504 and 7(a) loan programs. It also funds technical assistance and workforce training. The SBA 504 program supports capital expenditures like construction or equipment purchases, with loan amounts typically up to $5.5 million for manufacturers. The 7(a) Working Capital pilot provides flexible credit lines for inventory and supply chain needs, also up to $5 million. Projects sourcing components from foreign countries including Vietnam remain eligible, though the initiative encourages domestic supply chain development. SBA loans may be used to finance equipment or materials sourced overseas as long as the borrowing entity is United States-based and meets the program’s size standards.
Read the article.