Read the entire post for more information, I have been wondering what the SBA was doing…
http://www.inc.com/articles/2008/12/sba-loan.html By: Venuri Siriwardane Published December 2008
In recent weeks amid reports of sharp declines in government-backed loans for entrepreneurs. Loan volumes under the agency’s flagship 7(a) loan program slumped 30 percent this fiscal year — at a time when business owners are in dire need of cash. SBA officials blamed the drop on a host of factors: less demand from skittish borrowers, tightened lending standards and reduced creditworthiness. But the decline has deepened as the secondary market for SBA loans — where lenders sell the guarantees…
Can You Get an SBA Loan? The Small Business Administration has come under fire for not lending more at a time when business owners need cash the most. We asked an Inc. 5000 SBA lender for his opinion about changes the agency is making to help small companies survive the recession.