Young and SBA chief push higher SBA loan caps to help Indiana farmers and manufacturers
During an Aug. 13 visit to Indianapolis, U.S. Sen. Todd Young and SBA Administrator Kelly Loeffler urged raising SBA-backed loan limits — proposing doubling borrowing capacity for production sectors to about $20 million — to help farmers and manufacturers afford rising equipment costs.
U.S. Sen. Todd Young and Small Business Administration Administrator Kelly Loeffler toured an Indianapolis manufacturer and spoke at the Indiana State Fair on Aug. 13, 2026, where Loeffler said the federal small-business loan maximum — last raised in 2010 — should be increased. She noted the SBA now allows stacking of loan types to reach $10 million and proposed boosting limits for agriculture and manufacturing to roughly $20 million.
Young, a member of the Senate Small Business and Entrepreneurship Committee, said he would support revisiting those caps and called higher loan amounts potential “rocket fuel” for the economy. The pair also discussed elevated farm input costs, workforce shortages for manufacturers, and trade and deregulatory policies intended to help rural producers; Young said he may soon chair the Small Business Committee depending on November’s election outcome.
BusinessIndy examines this development and its implications for Indiana businesses and communities using the linked sources.
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