U.S. Small Business Administration

Effective May 1, 2026 for ITL manufacturers

The programs, in SBA’s own words and terms

Four SBA products matter for Ameridura Manufacturing Company: the 90% Made in America / International Trade Loan, the 504 plant loan, MARC revolving credit for manufacturers, and the 7(a) Working Capital Pilot as a later production / order line after 12 months of operations. They are not interchangeable. WCP is not this $5 million ask.

“America needs more housing, and manufactured housing is part of the solution. We are removing unnecessary barriers, encouraging innovation, and helping American manufacturers deliver more affordable housing options for American families.”
HUD Secretary Scott Turner, HUD No. 26-049 — manufactured housing proposed rule · June 12, 2026 · HUD: America needs more housing, and manufactured housing is part of the solution
“Layers of unnecessary regulatory barriers, slow permitting processes, and onerous mandates at all levels of government have delayed construction, restricted development, and driven up the costs of new housing. These constraints have made housing less affordable for many Americans. It is the policy of my Administration to reduce regulatory barriers to building homes and to steward taxpayer dollars in a manner that promotes housing affordability.”
Donald J. Trump, President of the United States · March 13, 2026 · Executive Order 14394: Removing Regulatory Barriers to Affordable Home Construction
“Section 301 expands the federal definition of manufactured housing to include factory-built units that are not built on a permanent chassis, and directs HUD to write construction and safety standards for that class.”
United States Congress, 21st Century ROAD to Housing Act § 301 · July 11, 2026 · Housing Supply Expansion Act — factory-built units not required to sit on a permanent chassis
“The HUD Secretary shall review FHA construction financing programs to identify barriers to modular home methods, including construction draw schedules, and initiate rulemaking on an alternative draw schedule for construction financing loans provided to modular and manufactured home developers.”
United States Congress, 21st Century ROAD to Housing Act § 302 — Modular Housing Production Act · July 11, 2026 · FHA construction financing for modular developers — alternative draw schedule
SBA 7(a) • 90% guarantyprimary
7(a) International Trade Loan — “Made in America Loan Guarantee”
Live for manufacturers as of May 1, 2026. Guaranty: 90% (max SBA exposure $4.5 million). Maximum: $5 million gross loan.

Why this could fit a formed manufacturer

This is the 90% manufacturer guarantee. It is not a separate grant. It is the International Trade Loan inside 7(a). On March 31, 2026 SBA branded the expansion as the Made in America Loan Guarantee. Policy Notice 5000-877629 tells lenders that manufacturing NAICS sectors 31–33 are being adversely affected by international trade, so a qualifying ICF manufacturer does not have to separately prove import injury.

Eligible uses SBA lists

  • Acquire, construct, renovate, modernize, improve, or expand U.S. facilities and equipment used to produce goods
  • Working capital, capped at $2 million inside an ITL
  • Eligible debt refinance (SOP 50 10 8 rules still apply)

How to apply

Apply through an SBA 7(a) lender, not on sba.gov as a direct loan. Ask specifically for an International Trade Loan / Made in America guaranty. SBA Finance Managers and Lender Match can introduce lenders. Pairing with MARC or the Working Capital Pilot is explicitly contemplated in SBA’s March 31, 2026 announcement.

Program terms

Maximum loan
$5,000,000
SBA guaranty
90% (up to $4.5 million guaranteed)
Standard 7(a) comparison
75% guaranty on loans over $150,000; $3.75 million max SBA exposure
Working capital inside ITL
Maximum $2,000,000
Eligible NAICS
Sectors 31–33 (manufacturing). A formed manufacturer must stay in this range.
Eligibility theory
Export expansion OR adversely affected by import competition. Manufacturers may rely on SBA’s sector determination.
Who decides credit
Participating 7(a) lender (PLP delegated or SBA LGPC)
Required borrower form
SBA Form 1919

Do not miss

  • The 90% figure protects the lender, not the borrower. You still repay 100% of the note.
  • ITL proceeds cannot be used for inventory as a stand-alone purpose the way a standard 7(a) can. Working capital is allowed but capped at $2 million.
  • FY2026 manufacturer upfront-fee waiver applies only to 7(a) manufacturing loans of $950,000 or less. A $5 million ITL pays standard guaranty fees.
  • SBA Form 1919 requires the NAICS on the application to match the business activity code on IRS filings when applicable.

Sources: SBA, Made in America Loan Guarantee (Mar. 31, 2026); SBA Policy Notice 5000-877629; SBA 7(a) terms, conditions, and eligibility

SBA 504 • 100% guaranty on the debenturestack
CDC/504 Loan — plant, land, and long-life equipment
Standing program; manufacturer cap $5.5 million per project. Guaranty: SBA guarantees 100% of the CDC debenture sold to investors. Maximum: $5.5 million SBA portion per manufacturing project.

Why this could fit a formed manufacturer

504 is how you finance a factory without putting a $5 million 7(a) against real estate. The typical stack is 50% bank first mortgage, 40% SBA/CDC, 10% borrower equity. Manufacturers (primary NAICS 31–33, U.S. production) get the higher $5.5 million debenture. That is how a $5 million ask becomes a $12–14 million plant project.

Eligible uses SBA lists

  • Purchase or construct owner-occupied industrial buildings and land
  • Fit out a leased bay as an ICF production line
  • Long-term machinery and equipment with useful life of at least 10 years, including manufacturing AI-supported equipment under current SBA 504 descriptions

How to apply

Apply through a Certified Development Company (CDC) plus a first-mortgage bank. SBA Lender Match and the district office can name active CDCs. Package 504 real estate separately from the ITL equipment/working-capital loan.

Program terms

SBA / CDC share
Up to 40% of eligible project costs
Bank share
About 50%
Borrower equity
Minimum 10% (15–20% if startup or special-purpose building)
Manufacturer SBA cap
$5.5 million per eligible project
Implied max project at 40%
About $13.75 million if the full $5.5 million debenture is used
Job test (historical)
One job created or retained per $120,000 of SBA debenture for small manufacturers (SBA has updated the dollar test over time; confirm current 13 CFR 120.829 figure with the CDC)
FY2026 fee waiver
0% 504 upfront fee and 0% annual service fee for manufacturing loans approved Oct 1, 2025–Sep 30, 2026

Do not miss

  • As of September 10, 2026 the FY2026 504 manufacturer fee waiver has 20 days left and requires SBA approval — not just an application — by September 30, 2026. A brand-new factory package is unlikely to clear that window. Do not stall the ITL to chase an expiring waiver.
  • 504 does not fund inventory, payroll, or module work-in-process. That is 7(a) / MARC / WCP.
  • Owner-occupancy rules apply. This is not a spec housing-development loan.

Sources: SBA 504 loans; SBA manufacturer fee waiver FY2026

SBA 7(a) • manufacturer-onlystack
7(a) Manufacturers’ Access to Revolving Credit (MARC)
Launched September 3, 2025; SOP 50 10 Appendix 13. Guaranty: 85% ≤ $150,000; 75% above $150,000. Maximum: $5 million.

Why this could fit a formed manufacturer

MARC is SBA’s first loan product built only for manufacturers (NAICS 31–33). It is working capital: steel coil, fasteners, module WIP, deposits on jobs. SBA says MARC can sit next to 7(a) and 504. It does not replace the 90% ITL for equipment.

Eligible uses SBA lists

  • Any short-term manufacturing working-capital need
  • Inventory and new production jobs
  • Revolving line leveraging equity in existing plant or equipment

How to apply

Same 7(a) lender channel. Ask whether the lender is trained on MARC (SBA posted lender training September 12, 2025). Use MARC for the revolving steel/WIP book after the ITL funds the line.

Program terms

Maximum loan
$5,000,000 (applicant + affiliates)
Guaranty
75% on a $5 million line (standard 7(a) percentages)
Revolving maturity
Up to 20 years (10 years revolving, then term-out)
Term loan maturity
Up to 10 years
Max rate over $350,000
Cannot exceed base rate + 3.0%
Equity injection
No minimum equity injection based on use of proceeds (unlike some 7(a) structures)
Collateral
Lien on business assets; vehicles and trading assets excepted in SBA’s MARC summary

Do not miss

  • Combined 7(a) exposure still matters. You cannot stack a $5 million ITL and a $5 million MARC as if they were unlimited. The statutory 7(a) guaranteed-balance cap is $3.75 million generally and $4.5 million for a qualifying international-trade / export loan.
  • Primary NAICS must start with 31, 32, or 33. A construction code on the tax return knocks this out.

Sources: SBA MARC launch (Sep. 3, 2025); SOP 50 10 Appendix 13 — MARC

SBA 7(a) CAPLine • buildersadjacent
7(a) Builders CAPLine — construction for resale
Standing CAPLine sub-product; investigate with the lender — not factory capital. Guaranty: Standard 7(a) percentages (85% ≤ $150,000; 75% above). Maximum: $5 million (subject to 7(a) exposure caps and eligibility).

Why this could fit a formed manufacturer

SBA identifies Builders CAPLine as the CAPLine product for small general contractors constructing or rehabilitating residential or commercial property for resale. That is the capital tool to investigate for Ameridura’s on-site construction-for-resale book — Facility C. It is not a substitute for the manufacturing 504/7(a) platform, and it is not a line to warehouse vacant lots with factory money.

Eligible uses SBA lists

  • Construction or rehabilitation of residential or commercial property for resale
  • Direct construction costs on homes being built on controlled lots
  • Revolving working capital tied to specific build-for-resale projects

How to apply

Same 7(a) lender channel, after the construction entity, LSLBC license and qualifying party are real. Ask specifically for Builders CAPLine — not MARC, not WCP, not ITL working capital.

Program terms

Who it is for
Small general contractors building or rehabbing property for resale — not a marketing company, not a pre-revenue factory by itself
Relationship to manufacturing capital
Separate from the $5M 504/7(a) manufacturing platform. Do not buy 40 lots with factory uses. CAPLine is for eligible on-site construction for resale.
Guaranty
Standard 7(a) (not the 90% ITL manufacturer guarantee)

Do not miss

  • Eligibility, collateral, inspection and disbursement follow CAPLine rules. This file does not treat Builders CAPLine as approved or as a grant.
  • A manufacturer NAICS on the factory return does not automatically make the same entity a builders CAPLine borrower. Licensed construction operations, qualifying party, and actual for-resale projects have to exist.
  • Do not walk into a lender and ask for an SBA line ‘to buy 40 lots.’ Present manufacturing capital plus a revolving construction/development facility.

Sources: SBA CAPLines (including Builders CAPLine)

SBA 7(a) pilot • through July 31, 2027 unless extendedstack
7(a) Working Capital Pilot — manufacturer production / order lines
Live. Manufacturers have been a primary user. 12 full months of operations required before applying.. Guaranty: 85% ≤ $150,000; 75% above $150,000. Maximum: $5 million monitored line.

Why this could fit a formed manufacturer

This is the later production-financing engine — not the Phase I factory note. SBA built WCP as a monitored line (transaction-based or asset-based) for growing small businesses. Manufacturers have been a primary beneficiary. The transaction-based structure can finance a specific contract or order earlier in the sales cycle, supporting up to 100% of related / direct project expenses subject to program rules and lender underwriting. The asset-based structure can advance against inventory and receivables. Domestic and export orders can sit on one line. That matches a factory that takes a 25% deposit, manufactures, ships, and collects the remaining 75%. It does not match a day-one plant with zero months of operations. Paparazzi Marketing Group LLC is marketing, not the WCP borrower.

Eligible uses SBA lists

  • Transaction-based financing of specific contracts, orders, or projects — including up to 100% of eligible related / direct expenses (materials, production labor, freight, eligible subcontracted work)
  • Asset-based advances against inventory and accounts receivable
  • Domestic and export orders under a single line of credit
  • Residential project costs on a licensed construction affiliate that actually performs the work — a separate file, not this factory note

How to apply

Participating 7(a) lenders, after twelve months of operations and reporting. Ask specifically for a transaction-based 7(a) WCP against contracted production — not MARC, not ITL working capital, not Builders CAPLine. SBA finance managers: 7aWCP@sba.gov.

Program terms

Maximum line
$5,000,000
Structure
Monitored revolving or non-revolving; transaction-based and/or asset-based
Advance rate (transaction-based)
Up to 100% of eligible related / direct project expenses (program rules and lender underwriting)
Term
Up to 60 months
Operating history
At least 12 full months of operations before filing; timely financials plus A/R aging, A/P aging, and inventory reports
Guaranty fee
0.25% first 12 months; 0.275% each additional 12-month period (program guide)
Specialist inbox
7aWCP@sba.gov

Do not miss

  • WCP is a monitored line. It is not a term loan to buy a factory, and it is not this $5 million Phase I ask.
  • The company has zero months of operations. Do not walk into the bank on day one and ask for a $5 million WCP line.
  • Combined 7(a) guaranteed-balance caps still apply. WCP does not stack on the ITL as if exposure were unlimited.
  • SBA has also highlighted WCP for homebuilders. That on-site use belongs on a licensed construction affiliate after the 12-month test — not on Paparazzi Marketing Group LLC, and not as a substitute for manufacturing ITL/504.
  • Pilot currently scheduled through July 31, 2027 unless extended.

Sources: SBA 7(a) Working Capital Pilot program; SBA: WCP delivers $150 million to support U.S. manufacturing (Feb. 2, 2026); SBA homebuilder WCP announcement (Mar. 3, 2026)

Eligibility that sits under every 7(a) / 504

Form 1919 makes the applicant certify compliance with 13 CFR §§ 120.100, 120.110, 121.301 and related rules, including 51% U.S. citizen or LPR ownership and control.

For-profit U.S. small business
A formed manufacturer must operate for profit in the United States and fall under the SBA size standard for its primary NAICS. Other concrete product manufacturing (327390) is an employee-based size standard. Affiliates count, including Paparazzi Marketing Group LLC.
Ownership and control
The applicant must be at least 51% owned and controlled by U.S. citizens or lawful permanent residents. Form 1919 requires that certification.
Personal guaranty
Every individual owning 20% or more generally signs an unlimited personal guaranty (13 CFR 120.160(a); SBA Form 148). Form 413 personal financial statements are required for those owners.
Taxes current
Form 1919 certifications require the business to be current on federal, state, and local taxes. Two years of filed returns is a start, not a substitute for being paid up.
Ability to repay
Lenders underwrite cash flow, not the political headline. A $5 million ten-year note at roughly Prime+3 needs on the order of $750,000–$800,000 a year in debt service and about 1.25x coverage. Offtake contracts, existing steel revenue, and owner liquidity have to support that.
Collateral
SBA does not decline solely for weak collateral on many 7(a) loans, but a $5 million manufacturing file will still take liens on acquired assets, plant, and business assets. Life insurance on the principal is commonly required.

Louisiana — not an SBA product

LED FastStart®

FastStart is Louisiana’s workforce program for this manufacturer — recruit, screen, train. Discretionary. Application before commencement. Operating, not a $5 million cash source.

LED FastStart creates customized employee recruiting, screening, and training for eligible new or expanding companies, at no cost if the Secretary awards it. Recruit. Train. Sustain. It is a service, not a check.

Manufacturing. A net of at least 15 new, permanent manufacturing jobs. The 50-job service door (digital media, headquarters, R&D, inbound call center) is not this plant. FY2027 books 46 people on the projection tables — a one-shift commissioning year. That is above the 15-job manufacturing floor. It is not a promise LED has accepted, and it is not the $400,000 launch-payroll bucket, which is a lean stand-up team.

SBA does not score FastStart. A lender likes a state that will help staff a plant. The 1919 still needs a CMO, a PE, and a production system. FastStart, if awarded, is Louisiana operating infrastructure — the same category as Act 765 licensing and the New Orleans East site. It is not a substitute for the note, the equity, or Appendix B.

LED FastStart

OSHA — not an SBA product

OSHA Safety and Health Achievement Recognition Program (SHARP)

SHARP is the plant safety path — OSHA On-Site Consultation at commissioning, recognition after a year of qualifying rates. Hardware stays in the uses.

SHARP is OSHA’s recognition program for small employers who request a comprehensive On-Site Consultation visit, involve employees, correct every identified hazard, run a safety and health program that meets OSHA’s Safety and Health Program Management Guidelines, and keep Days Away, Restricted, or Transferred (DART) and Total Recordable Case (TRC) rates below the national average for the industry. Louisiana Workforce Commission runs the free, confidential 21(d) consultation. Consultation is not enforcement. It does not issue citations or penalties.

This plant. FY2027 books 46 people. The five-year tables top out at 140. That is inside the 250-onsite / 500-corporate SHARP size door. Paparazzi crews, Realtors, dealers, and set contractors are not this site’s headcount. FY2027’s 46 manufacturing seats clear the small-employer size door and do not come close to the 250-onsite ceiling. Do not invent headcount, and do not count Paparazzi or set crews, to ‘qualify.’ Size is not the hard part. A year of operations and the rates are.

The OSHA hire is the EHS / Safety Coordinator — commissioning, one of 46 seats, 38 of them FastStart manufacturing-floor jobs if LED awards it. Not a Chief Safety Officer.

Louisiana Workforce Commission — OSHA / Safety Consultation (21(d)). (800) 201-2495 or (225) 342-8441.

SBA does not score SHARP. A lender likes a plant that will call consultation before someone gets hurt. The 1919 still needs the booked safety kit, workers’ compensation, and a CMO who will run the floor. SHARP, if awarded later, is OSHA operating infrastructure — the same category as Act 765 licensing and the New Orleans East site. It is not a substitute for the note, the equity, or Appendix B.

OSHA SHARP FAQ