Tuesday 22 May 2012

Execs urge SBA to do more to boost lending - Business First of Columbus:

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The SBA on June 15 began taking applications for emergencyg bridge loans of up to Small businesses can use the which were createdby Congress’ economicf stimulus bill, to make up to six months of payment s on existing debt. The companies need not start repaying the loans until a year after the last The SBA will subsidize the interest onthe loans, whicb will be made throughj private-sector lenders.
The stimulus bill also temporarily reducesd or eliminated fees onthe SBA’ss 7(a) and 504 business loans, and increasede the guarantee on 7(a) loans to 90 Weekly loan volume for the SBA’s 7(a) and 504 programsx has since March increased by more than 30 That increase, said Cynthiwa Blankenship, vice chairwoman and chief operatingg officer of in Grapevine, Texas, is “z positive ...
sign, but we have a very long way to go beforew SBA lending reaches solidlevels

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