Statement from Administrator Mills on Continuing Support for Small Businesses through SBA Recovery Programs
… reduce or eliminate borrower fees on both the 7(a) and 504 loans will be used faster than expected. Loan volume has … the government guarantee to 90 percent on SBA’s 7(a) loans and reducing some lender and borrower fees on its 7(a) and 504 loans, the agency’s two largest lending programs. The funds …