Mannie Mac

Mannie Mac, a proposed Government-Sponsored Enterprise modeled on Fannie Mae and Freddie Mac, would provide partial federal guarantees on bank-originated loans to qualifying U.S. manufacturers. It would unlock private capital quickly, at scale, leveraging the underwriting discipline and reserve ratio of banks which share the risk on every loan. Via local banks, Mannie Mac can operate in every district, delivering supportive capital to the 600,000+ manufacturing companies that form America's industrial base.

Banks originate and underwrite loans to manufacturing companies — banks know their customers. Mannie Mac provides partial federal guarantees on these loans, with tiered coverage: up to 70% for working capital, up to 85% for equipment financing, and up to 80% for expansion and growth. The guaranteed portions can be sold or securitized on a secondary market, allowing banks to recycle capital into additional lending. Assuming typical 60/40 debt-to-equity for project investment, $25B in federal reserves could mobilize approximately $600B in total manufacturing investment.

• $25B initial appropriation supports $200–250B in guaranteed lending
• Banks originate and underwrite loans; Mannie Mac and banks share risk
• Tiered guarantees: working capital (70%), equipment (85%), expansion (80%)
• Secondary market securitization enables capital recycling
• 4–5% loss rate assumption (higher than SBA benchmark for safety)
• First-loss bank structure enforces market discipline
• Serves manufacturers of all sizes, from small shops to scale plants