Hotel associations respond to SBA cutbacks

01/13/2004 | HotelBusiness.com

Cutbacks in the Small Business Administration's 7(a) Loan Program has the American Hotel & Lodging Association and the Asian American Hotel Owners Association studying how best to mount an education campaign about the importance of the loan program to the general economy. "There's little doubt the SBA 7(a) loan program has historically been a real stimulus for business and job-creation," said Kevin Maher, AHLA'S vice president of government affairs.

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