Statement from Administrator Mills on Continuing Support for Small Businesses through SBA Recovery Programs
… million appropriation approved in December to extend SBA’s 7(a) loan guarantee to 90 percent and reduce or eliminate borrower fees on both the 7(a) and 504 loans will be used faster than expected. Loan … raising the government guarantee to 90 percent on SBA’s 7(a) loans and reducing some lender and borrower fees on its …