Browsing: SBA

Key insight: A bill passed by the House and under consideration by the Senate would double the loan-size limit for SBA manufacturing loans to $10 million.Why…

SBA Economic Injury Disaster Loans (EIDLs) were a lifeline for nearly 4 million small businesses during the pandemic. Nearly six years and multiple deferments later, these…

Key insight: The SBA is backtracking on a policy, instituted last year, that had permitted modest participation in its lending program by noncitizens who are in…

Key takeawaysSBA 7(a) and 504 loans may have prepayment penalties. SBA microloans and disaster loans do not.Paying off your SBA loan early can be worth it…

Forward look: NewtekOne, a top SBA lender, reported strong third-quarter earnings Wednesday, but CEO Barry Sloane said the company’s fourth-quarter results could be crimped by a…

Key insight: Several large lenders reported continued strong small business loan demand despite ongoing economic uncertainty and disruption. Expert quote: “We’re not seeing any slowdown. We’re actually…

If Congress can’t reach an agreement on federal funding by the Sept. 30 deadline, the government will shut down — leaving small-business borrowers facing uncertainty about…

SBA loan collateral vs. guarantee: What you need to know Source link

The Small Business Administration has ordered more than 5,000 lenders in its network to immediately end what it calls “politicized or unlawful banking practices,” following President…

Loan amount Up to $5.5 million* Maximum SBA guarantee Up to 40% Interest rates Approximately 3% of debt; based on an increment above current market rate…