When the American Recovery and Reinvestment Act was announced back in February 2009, the SBA received $730 million of federal stimulus funding from the program. Loan demand soon gobbled up that funding, and in December, the SBA received an additional $125 million (I blogged about that extension on Small Business Trends last month).
SBA Administrator Karen Mills told BizJournals.com that the SBA was able to immediately get that money distributed to small businesses. However, the extension runs out at the end of February.Read More
From Small Business Trends
What’s Happening with SBA Lending – and Do Small-Business Owners Care?
Read the rest of this post at:
http://feedproxy.google.com/~r/SmallBusinessTrends/~3/RD91-3ypbto/whats-happening-with-sba-lending-and-do-small-business-owners-care.html
This post is syndicated from Small Business Trends.
Both comments and pings are currently closed.