Monday, December 19, 2011

An early Christmas for SBA loans

Christmas came early for SBA loans as the $1 trillion omnibus spending bill was passed. 

Not only did this avert a government shutdown it also means both the 7(a) and 504 programs should receive sufficient funding for the balance of the fiscal year.

This omnibus-spending bill appropriates $918.7 million to the SBA for fiscal year 2012

This gives the 7(a) program $17.5 billion in commitments for this fiscal year.

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