Problem: The U.S. Small Business Administration (SBA) has played a crucial role in supporting small businesses throughout the COVID-19 pandemic....
Tag Archive: sba lending
On Tuesday, Jan. 26, the U.S. Small Business Administration (SBA) responded to delays lenders have experienced under the new round of the Paycheck Protection Program.
Late Wednesday evening, SBA and Treasury released two interim final rules outlining round 2 of the Paycheck Protection Program.
Last week, the Senate Committee on Small Business held a hearing to review SBA's Access to Capital Programs, as part of a broader SBA reauthorization effort.
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.
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.
On Wednesday, NSBA President and CEO Todd McCracken McCracken participated in a lending summit featuring SBA Administrator Karen Mills, Senate Small Business & Entrepreneurship Committee Chair Mary Landrieu and House Small Business Committee Chair Sam Graves.