504 Modernization and Small Manufacturer Enhancement Act of 2025

The 504 Modernization and Small Manufacturer Enhancement Act of 2025 modernizes the Small Business Administration's 504 loan program to better support small manufacturers. It increases manufacturing loan limits from $5.5 million to $10 million, reduces contribution requirements for small manufacturers (to 5-10% of project costs depending on circumstances), and eliminates additional collateral requirements. The bill also adds new policy goals including workforce development through training programs, energy efficiency incentives, and disaster area revitalization. These changes primarily affect small manufacturers with 10 or fewer employees seeking financing for business expansion, renovation, or equipment purchases through the SBA's 504 loan program.