Monday, December 20, 2010

An early Christmas present for SBA Lenders and Borrowers- Fee Waiver extended!

The Senate is considering a longer term Continuing Resolution (CR) that will provide the federal government authority to continue operating.

Included in that CR is an extension of SBA's authority to grant fee waivers to 7(a) and 504 small business applicants and to offer higher guarantees (up to 90%) on 7(a) loans THROUGH MARCH 4, 2011, or until funds are expended, whichever occurs first!

More info can be found here-

Merry Christmas

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