TITLE

Midsize is Now a Fit for SBA

AUTHOR(S)
Morrison, Barbara
PUB. DATE
April 2011
SOURCE
U.S. Banker;Apr2011, Vol. 121 Issue 4, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the effect of the new legislation named "Small Business Jobs Act," by the U.S. Small Business Administration (SBA) in small businesses. It says that businesses with over 15 million dollars net worth was considered by the SBA as small business, regardless of over five million dollars average tax-earnings. Moreover, due to the change legislation, commercial real estate projects increases its size, and borrowers are entitled for two mortgages such as a conventional lender.
ACCESSION #
59838727

 

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