Long story short, last year, the American Recovery & Reinvestment Act dedicated a lot of money to supporting SBA loans.
And since the passage of the Act, the U.S. government has repeatedly increased its ante, guaranteeing more and more SBA loans.
According to National SBA Administrator Karen Mills, "thousands of small businesses across the country have taken advantage of these Recovery loan enhancements to get the capital they need during these tough economic times. The increased guarantee and reduced fees on SBA loans helped put more than $23 billion into the hands of small business owners and brought more than 1,100 lenders back to SBA loan programs."
To read the full, original article click on this link: SBA Loans Are Growing Like Gangbusters | Growthink
Author: Dave Lavinsky
