Subscribe to Inc. magazine

SBA 7(a) Loans Suspended

Advertisement

The SBA has suspended its 7(a) loan program, possibly until the end of the month, reports the Washington Business Journal. The agency reportedly backed a large number of loans since September, 37% more than the year before. At the end of December, the SBA also announced it was lowering the cap on the maximum loan size from $2 million to $750,000 (effective tomorrow).

Last updated: Jan 7, 2004




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: