Commentary: Why SBA fee removal will boost Main Street lending

11/1/2013 | Forbes

The recent announcement that the Small Business Administration will remove fees for its business loans under $150,000 is a meaningful way to make more financing available for Main Street's smaller small businesses, writes columnist Ty Kiisel. Businesses like car shops and florists aren't usually looking for high-dollar loans to finance their growth. "If the fees and underwriting burden associated with a $50,000 loan is roughly the same as a $500,000 loan, it's hard to blame the bank for moving upstream to bigger and potentially more lucrative loan customers," he writes.

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