A New Report Card on the SBA’s Loan-Guarantee Programs

A New Report Card on the SBA’s Loan-Guarantee Programs

Photograph by Andrew Olney The Small Business Administration guaranteed $29.6 billion in loans through its two biggest lending programs in the year ended September 2013, the agency said this week. That includes $11.7 billion for the SBA’s 504 program, which is used to finance real estate and other major assets, and $17.9 billion for its […]

Read More

The SBA Offers Sweeteners to Encourage More Small Loans

Although the numbers dropped a bit in fiscal 2013, the Small Business Administration’s two primary loan-guarantee programs have been on a roll lately. They topped $30 billion in fiscal 2011 and fiscal 2012, setting agency records, according to the agency’s acting chief, Jeanne Hulit. But smaller-dollar-value loans have been decreasing over the past three years, […]

Read More

Headaches Loom for SBA Borrowers in Shutdown’s Second Week

Headaches Loom for SBA Borrowers in Shutdown’s Second Week

Photograph by Jupiterimages/Getty Images Small Business Administration officials worked late into the night on Sept. 30, processing loan applications before most of the agency’s functions were halted by the government shutdown. Those efforts helped keep government-backed loans flowing, says Tony Wilkinson, chief executive officer for the National Association of Government Guaranteed Lenders, a trade group […]

Read More

Headaches Loom for SBA Borrowers in Shutdown’s Second Week

Headaches Loom for SBA Borrowers in Shutdown’s Second Week

Photograph by Jupiterimages/Getty Images Small Business Administration officials worked late into the night on Sept. 30, processing loan applications before most of the agency’s functions were halted by the government shutdown. Those efforts helped keep government-backed loans flowing, says Tony Wilkinson, chief executive officer for the National Association of Government Guaranteed Lenders, a trade group […]

Read More

The SBA Offers Sweeteners to Encourage More Small Loans

Although the numbers dropped a bit in fiscal 2013, the Small Business Administration’s two primary loan-guarantee programs have been on a roll lately. They topped $30 billion in fiscal 2011 and fiscal 2012, setting agency records, according to the agency’s acting chief, Jeanne Hulit. But smaller-dollar-value loans have been decreasing over the past three years, […]

Read More