SBA Recovery Lending Extended Through May
Longer Term Extension Still Sought WASHINGTON – President Barack Obama signed legislation April 15 providing $80 million in additional funding to continue important enhancements in the U.S. Small Business Administration’s two key small business loan programs. The enhancements, first made available under the American Recovery and Reinvestment Act, include a higher guarantee on some SBA-backed loans and small business fee relief. The SBA estimates the $80 million will support about $2.8 billion in small business lending under the 7(a) and 504 programs. “Small businesses across the country have been able to secure critical financing as a result of the Recovery … Read more