Statement from Administrator Mills on Urging Continued Support for Small Businesses’ Recovery Loan Programs
… original $375 million provided under the ARRA for these loans was exhausted in November. Since then, additional funds … $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to reduce borrower fees on most 7(a) and 504 loans. The funds for these programs were exhausted on Nov. …