How SBA's small-dollar loan incentives can help businesses, lenders

11/3/2013 | Bloomberg Businessweek

The Small Business Administration is planning to waive some of the fees involved with its loan-guarantee programs. The move, which will affect loans worth no more than $150,000, could boost the number of small-dollar-value loans. "The borrower is able to keep [money] in their company for operating capital, rather than paying the fee," noted Cece Mitchell of Zions Bank. "For many companies, that will help pay utilities, perhaps enable them to perform needed maintenance, or pay part of a salary for an employee."

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