Thursday, July 22, 2010

The SBA and ending the recession one VOTE at a time

The ball in now in the Senate's court to pass H.R. 5297 this week.

This is the Small Business Jobs Bill that provides for an increased SBA 7(a) and 504 loan program. It will also hopefully by amendment provide for a 90% guaranty on 7(a) loans and continued fee waivers.

The legislation is currently short of the 60 votes needed to end debate.

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