504 Loan Queue
SBA reactivated the Loan Queue on December 28, 2010, however no new loan applications or request for increases are being accepted.
As the availability of Small Business Jobs Act funds is close to being exhausted, small business owners (as well as lenders) will need to remain in the SBA Loan Queue to await the possibility of funds from cancelled Jobs Act loans, or to apply for a non- Small Business Jobs Act loan with all applicable fees and lower guaranty levels. The information provided below will help in the decision-making process and includes information on those loans currently in the SBA Loan Queue and information on funds available via the Transition Phase Alert system. (How to withdraw your Small Business Jobs Act application and re-submit it as a non-Jobs Act application.)
504 Loan Queue:
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On December 28, 2010, the SBA reactivated the Loan Queue for 504 Jobs Act loans. The Jobs Act provided additional funding and authority to eliminate the upfront guaranty fee for loans with maturities greater than 12 months as well ...
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What is the purpose of the Transition Phase Alert System? How do I know how many loans are ahead of me? How do I find my Loan Application Number? What does it mean if ...
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Submitting new loan applications during the Transition Period Submitting requests for increases to existing Jobs Act loans during the Transition Period Notifying SBA during the ...
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The loan application number is the key to knowing your place in line for funding of new SBA loan applications or increases. If you do not know your loan application number, enter your EIN number or SSN into the left field below, ...
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