Congress Authorizes Additional SBA Lending

Category: Small Business Borrowing Published: Saturday, 11 October 2014 Written by Admin
Congress Authorizes Additional SBA Lending

Written by Ken Gaebler
Published: 9/25/2014

Temporary funding bill expands the SBA 7(a) program to $18.5 billion as small business borrowing hits its fastest pace since 2011.

The Small Business Administration (SBA) is having a busy year--at least when it comes to the agencys popular 7(a) lending program. With demand for small business loans at a fever pitch, Congress recently authorized a bump in 7(a) loan program funding, increasing total lending authority for 2014 and 2015 to $18.5 billion.

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