On Wednesday, Jan. 6, NSBA held a webinar to talk about the new round of the PPP and what small businesses can expect.
Tag Archive: 7a
Recently, the GAO released a report showing that almost half of the reviewed loans under SBA’s 7(a) loan program in 2016 didn’t adhere to the “credit elsewhere” requirement.
Yesterday, the Senate passed legislation to enhance SBA oversight of the 7(a) Loan Program, and makes critical reforms to ensure its long-term success.
Yesterday, the U.S. House of Representatives passed seven bipartisan bills that address small-business issues ranging from cybersecurity to federal contracting
Yesterday, the Senate Committee on Small Business and Entrepreneurship approved the nomination of David C. Tryon to be Advocacy's Chief Counsel, among other key business.
The SBA 7(a) loan guarantee program is back in business after Congress approved and President Obama signed legislation, H.R. 2499 raising the program’s statutory lending cap to $23.5 billion.
The SBA’s 7(a) loan program is facing a shutdown unless Congress acts before the August recess to increase the 7(a) $18.75 billion limit which it will reach in a matter of weeks.
Yesterday, SBA Administrator Maria Contreras-Sweet outlined a new credit scoring model for all SBA loans up to $350,000 with the aim of streamlining SBA loans and bringing more banks into the fold.