ABSTRACT

SBA Expands Eligibility for 7(a) Loans to Spur Recovery Opportunities for Small Businesses [May 1, 2009]   [open pdf - 63KB]

Alternate Title: SBA [Small Business Administration] Expands Eligibility for 7(a) Loans to Spur Recovery Opportunities for Small Businesses [May 1, 2009]

May 1, 2009, the United States Small Business Administration (SBA) announced that it will expand the eligibility for 7(a) loans. From the document "[m]ore small businesses will be eligible for U.S. Small Business Administration-backed loans, meaning greater access to much-needed capital in this tough economy, as a result of a temporary alternate size standard for the agency's largest lending program. SBA's alternate size standard for its 7(a) loan program will go into effect early next week through Sept. 30, 2010. As a result of the temporary change, more than 70,000 additional small businesses -- including auto and RV dealerships, auto industry suppliers and others -- could be eligible to apply for SBA 7(a) loan."

Publisher:
Date:
2009-05-01
Copyright:
Public Domain
Retrieved From:
White House: http://www.whitehouse.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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