Siemens said the company will prioritize lending to small businesses in manufacturing, energy, health care, logistics and technology.

The 7(a) loan program provides government-guaranteed loans that can be used for equipment purchases, real estate acquisition, working capital and business expansion.

Siemens Financial Services said the new lending authority will allow it to support small and medium-sized businesses investing in automation, industrial AI and other advanced technologies.

“Through financing, technology, and partnership, SSBL’s SBA 7(a) loan capability will allow us to help small businesses gain access to capital and adopt industrial AI and other advanced technologies,” said Doug Maher, CEO of Siemens Financial Services Inc. “Based on a unique combination of financial expertise, risk management and industry know-how, SFS provides tailored financing solutions – including equipment leasing and working capital products, project and structured financing, asset-based lending, and equity investments – and enables access to Siemens’ technology and deep vertical know-how supporting customer growth and innovation.”

Maher said Siemens Financial Services has supported small and medium-sized businesses for more than a decade as they expanded through automation and digitalization in factories, buildings, grids and transportation systems.

The SBA said it guaranteed a record $45 billion in capital to 85,000 small businesses through its 7(a) and 504 loan programs in fiscal 2025.