Recovery Act Gives SBA Tools to Boost Small Businesses

Despain, Stevem
May 2009
Wyoming Business Report;May2009, Vol. 10 Issue 2, pWEDA-2
The article offers information on the American Recovery and Reinvestment Act that would boost small businesses in the U.S. The Act provides the Small Business Association (SBA) with 375 million U.S. dollars to temporarily eliminate loan fees and raise guarantee limits on most types of 7(a) loans. The Act authorizes the SBA to use its 504 program in a variety of ways including the refinancing of existing loans for fixed assets in a business expansion project. The staff of SBA is working hard for the implementation of the Act's programs.


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