Over the last few years, the U.S. Small Business Administration (SBA) has dramatically reduced its support for smaller small businesses and shifted more of its loan guarantees to larger small businesses. The SBA's flagship loan program, the 7(a) program, guarantees up to 85% of loans under $150,000... but the number of 7(a) loans under $150,000 has declined precipitously
Over the last few years, the U.S. Small Business Administration (SBA) has dramatically reduced its support for smaller small businesses and shifted more of its loan guarantees to larger small businesses. The SBA's flagship loan program, the 7(a) program, guarantees up to 85% of loans under $150,000... but the number of 7(a) loans under $150,000 has declined precipitously