SBA Fee Waiver Extension Possible?

December 14, 2010

Update 2 (12/22/2010): Bah! Humbug!
SBA has just released a bulletin stating that due to the sheer volume of SBA lending in the last week the fee waiver funds are not expected to last through 12/31!
Stay tuned for another update…
Update (12/22/2010): The SBA Fee Waiver and 90% Guarantee have been extended. The House approved the Continuing [...]

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SBA Loan Fees: Apply Now or Pay More

December 1, 2010

SBA Loan Fee Waiver Set To Expire
If you are considering applying for an SBA 7a or 504 loan you need to apply NOW if you want to avoid paying the SBA loan fees because the fee waiver period expires Dec 31st.
Loans that are approved by a lender and issued an SBA Authorization prior to Dec [...]

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New Tax Deductions for Small Business

October 20, 2010

Small Biz Tax Deductions In The Jobs and Lending Bill
This blog is more about SBA lending, but the recently passed ”small business lending bill” also included some noteworthy tax deductions designed to help small businesses save money including changes to the following:

increase in “expensing limits” to $500K
carry-back provisions
accelerated/bonus depreciation
capital gains taxes for those who invest in small [...]

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Small, Small Business Loans

October 20, 2010

SBA Loans for (Small) Small Businesses
I’ve blogged a lot lately about the new larger SBA loans - especially the new $5 million limit for the 7a loan program.  The 7a is such a useful program since it can be used for commercial real estate, working capital, business debt consolidation, etc., but most lenders prefer to do [...]

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Super-Sized SBA Loans: BACK UP!

October 19, 2010

This post may be inappropriate for business owners under the age of 18
Have you ever gone to a good comedy club and not laughed your self silly?
I can semi-vividly remember a guy I saw about 15 years ago at the Punchline here in Atlanta. He had some great bits including one about how [...]

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Self Storage, Mini Storage Now Eligible for SBA

October 14, 2010

SBA loan guidelines were changed recently to allow self storage/mini storage or mini warehouse businesses as an eligible business type.
Previously self storage facilities were only eligible if more than 50% of the business revenue came from sources other than monthly rents or from what the SBA considered “sufficient services.”  For instance, a U-Haul Self Storage business [...]

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Small Business Jobs Bill? Or Lending Bill?

September 27, 2010

HR 5297: Jobs Bill or SBA Lending Bill?
HR 5297 has been called both a “lending bill” and a “jobs bill” and it will be signed into law today by President Obama, which begs the question…which will it be?  A lending bill or a jobs bill?
The answer: both.
It will be more of a “lending” bill” at [...]

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Small Business Bill Passed By Senate

September 16, 2010

Breaking News…
It’s Official: The Senate has passed the Small Business Bill - HR 5297 - aka The Small Business Lending Bill or Small Business Jobs Bill.
The legislation will now go back to the House where it is expected to receive approval quickly and then on to President Obama for signature.
Now the question is how long [...]

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Small Business Lending Bill Passes Initial Test…

September 16, 2010

Small Biz “Lending and Jobs” Bill - Part One
As you may have heard by now, the Small Business Jobs and Lending Bill - HR 5297 - received enough votes in the Senate to move forward for a final vote expected later this week.  From there it is expected to be quickly approved by the House [...]

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SBA Loan Fee Waiver Not As Important As 90% Guaranty

August 2, 2010

No Extension of SBA Loan Fee Waivers…yet
The much hoped extension of the SBA 7a and SBA 504 fee waivers that was included in HR 4213 was cut from that piece of legislation before it passed, but it was added to HR 5297.
However, HR 5297 was voted down last week in the Senate, BUT…this bill is [...]

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