On September 3, 2025, SBA Administrator Loeffler issued a press release, SBA Launches First-Ever Loan Program Dedicated to American Manufacturers, formally announcing SBA’s new 7(a) Manufacturers’ Access to Revolving Credit (MARC) program. The program will provide additional working capital financing options for small manufacturers in NAICS sectors 31-33. SBA describes the program as “an asset-based line (e.g. similar to the 7(a) Working Capital CAPLines program or based on the Lender’s policies for its similarly-sized non-SBA guaranteed asset-based lines)” that is “an expansion of SBA’s portfolio of loan solutions that establishes a flexible new working capital option for manufacturers”. Lenders can begin submitting MARC applications to SBA on October 1, 2025.
Complete guidance on the program is provided in SBA Procedural Notice 5000-870260, 7(a) Manufacturers’ Access to Revolving Credit (MARC loans) (effective September 4, 2025), and in a new Appendix 13 to SOP 50 10 8, 7(a) Manufacturers’ Access to Revolving Credit (MARC) | U.S. Small Business Administration.
MARC loan terms include, among others:
- Maximum loan amount: $5 million
- Maximum SBA Guaranty: 85% for loans of $150,000 or less; 75% for loans over $150,000
- Maximum maturity: up to 20 years for revolving loans (10 years revolving + 10 years for term-out); up to 10 years for term loans
- Underwriting: actual or projection-based debt service coverage equal to or greater than 1:1
- Minimum collateral: lien on all business assets except vehicles and trading assets
SBA will provide training on the MARC program on Friday, September 12, 2025, at 2 PM ET that can be accessed via this link. Following the event, the training will be posted to SBA’s Training on Demand site.
NAGGL will provide a webinar on the new program on Wednesday, September 17 at 12 PM CT. Please stay tuned for more information.
