November 10, 2009

SBA hot topics

A national small business forum of business owners, lenders, lawmakers and regulators is set for November 18 in Washington D.C.  Ideas for increasing the flow of credit to small businesses include at least two SBA hot topics:
  • Increasing the maximum SBA 7a loan amount up from $2 million to an amount of $5 million or more.

  • Allowing for fixed asset refinancing via the SBA 504  loan program.  The SBA 504 loan program provides long term fixed rate financing for the acquisition of fixed assets such as commercial real estate, construction/improvements, and machinery and equipment, but it cannot (except in a very limited way) currently be used to refinance existing business debt on fixed assets.
See #2 and #3 in the list of suggestions being offered by a leading SBA lender.      

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