The U.S. Small Business Administration on Wednesday launched its first-ever loan program designed to support small manufacturers, which make up 98% of all U.S. manufacturers.
The 7(a) Manufacturer’s Access to Revolving Credit Loan Program will offer working capital for small businesses engaged in manufacturing. MARC lines may be structured as either a revolving line of credit or term loan.
Loan funds may be used for any short-term working capital needs of the manufacturer, supporting inventory purchases, new projects and more.
Training for SBA Lenders can be found on SBA’s lender Training on Demand web page.
