Did Trump just double the SBA loan limit?
Yes for the combined 7(a) plus 504 cap, which went from $5 million to $10 million on July 4, 2026. No for a single loan: a 7(a) still tops out at $5 million.
The answer,
in full.
Checked against the current SBA rules and forms on October 28, 2026.
Yes for the combined cap, no for a single loan.
On May 18, 2026 SBA announced, and on July 4, 2026 put into effect, Policy Notice 5000-879058, now part of SOP 50 10 8.1. Under it, a borrower’s outstanding 7(a) balance no longer reduces what the same borrower can take under the 504 program. A qualified business can hold up to $5 million in 7(a) debt and a separate $5 million in 504 debt, $10 million in SBA-backed financing, where the old combined ceiling was $5 million. Sequence matters: take the 7(a) first, because a 504 still counts against 7(a) capacity.
What did not change: the maximum for any one 7(a) loan is still $5 million, and SBA’s guaranteed exposure to a single borrower and its affiliates stays capped at $3.75 million.
The Made in America Manufacturing Finance Act, which would raise the single-loan limit to $10 million for small manufacturers, passed the House on December 1, 2025 and had not become law as of October 28, 2026. We will update this page if it does.
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