Loans Get Tougher for Smaller Small Businesses


by Institute for Local Self- on Jul 3, 2014 | Views: 155 | Score: 1
Sources: ilsr.org
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Institute for Local Self-
Institute for Local Self- on Jun 30, 2014 1:07 PM said:

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