Modernizes the 504 loan program to improve small manufacturers' access to capital.

The 504 Modernization and Small Manufacturer Enhancement Act of 2026 amends the Small Business Investment Act of 1958 to improve the loan guaranty program and enhance small manufacturers' access to affordable capital. It modifies lease terms for new and existing facilities, streamlines the loan closing procedure, and requires the Small Business Administration to develop a marketing and outreach plan. The bill also mandates a report on the impact of these changes on small business access to capital.

Modernizes the 504 loan program to improve small manufacturers' access to capital.

The 504 Modernization and Small Manufacturer Enhancement Act of 2026 amends the Small Business Investment Act of 1958 to improve the loan guaranty program and enhance small manufacturers' access to affordable capital. It modifies lease terms for new and existing facilities, streamlines the loan closing procedure, and requires the Small Business Administration to develop a marketing and outreach plan. The bill also mandates a report on the impact of these changes on small business access to capital.