Episode 23- Update on SBA fees and guaranty
- Author
- Jim Frey
- Published
- Fri 16 Apr 2010
- Episode Link
- https://www.podomatic.com/podcasts/doughforthedream/episodes/2010-04-16T05_40_26-07_00
Thus far this year, the U.S. Government has waived the SBA fees and improved the SBA loan guaranty. This was an effort to further stimulate the economy and help business owners find financing. The was set to expire on April 30, 2010.
The Senate voted 59-38 to extend the provisions that eliminated borrower fees for small businesses looking to grow their companies until May 31, 2010.
This is good news for anyone applying for a SBA loan!
The banks are generally more willing and able to take a risk on you and your business project.
