Obama administration aims to increase SBA loans

11/9/2009 | Finance and Commerce (Minneapolis)

The Obama administration put through two initiatives that would make getting credit from the Small Business Administration easier. The administration asked to raise the limit on the most important SBA loans to $5 million from $2 million. The limit would apply to the 7(a) program for general investment and its 504 program, which supports larger real estate or capital investment. Changes also are being sought to reduce fees and increase guarantees on loans.

View Full Article in:

Finance and Commerce (Minneapolis)