Feb 28, 2013

Small Business Administration Issues Proposed Rule Changes to Loan Program

Alert | Small Business Alert

On Monday, February 25, 2013, the United States Small Business Administration (“SBA”) released proposed changes to the 504 and 7(a) loan programs. The primary purpose of these significant rule changes is to provide greater access to these loans by eliminating certain eligibility restrictions. In 2012 the SBA had left unused 41% of its 504 loan program authorized funds...

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