Thursday, May 6, 2010

How the SBA turned $730 million into $26 billion

The SBA received $730 million in the American Recovery and Reinvestment Act (ARRA) to help unlock the small business lending market and get capital flowing again to America’s small businesses.

With that money, SBA has supported more than $26 Billion in Recovery Loans to Small Businesses.

More detail can be found at http://www.sba.gov/idc/groups/public/documents/sba_homepage/sba_rcvry_aara_imp_factsheet.pdf