Sba Halts Loan Guarantees

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Recent Posts For Sba Halts Loan Guarantees

SBA Program Halts Funding After High Demand
This summer, the U.S. Small Business Administration (SBA) halted the funding of new loans after hitting the budget limit set by Congress for its main loan guarantee program. Although there remained more than two months left in the fiscal year, the SBA program saw greater demand than it was prepared to handle due to the improved economy.
SBA Halts Loan Guarantees for Small Businesses – CPA Blog
SBA Halts Loan Guarantees for Small Businesses. Published August 7, 2015 | By Mark Feinsot. The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months left in the fiscal year.
SBA HALTS GUARANTEE OF LOANS EXCESSIVE DEMAND CITED ...
The VEDC relies on the SBA for roughly a third of its loans annually. Victorio thinks the Van Nuys-based nonprofit organization can make do with other loan programs until 7(a) guarantees are available, but said the cut would deprive him of a ``very valuable tool.''

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