SBA Runs Out of Money for Loan Breaks
Posted by Small Business Bulletin on May 31, 2010 · Leave a Comment
Two key U.S. Small Business Administration loan programs have run out of money to support breaks that provided higher guarantees and lower fees – and for the fifth time. Stimulus funds for the agency’s 7(a) and 504 programs are once again tapped out, SBA Administrator Karen Mills said in a statement . The loan adjustments – originally created by the American Recovery and Reinvestment …
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SBA Runs Out of Money for Loan Breaks
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