SBA Loan Fundings Top $10 Billion Since Oct 1st SBA Loans (primarily 7a and 504 loans) funded after the signing of the "Small Business Jobs Act" recently surpassed the $10 billion mark. That's Billion with a "B." According to the SBA, 19,103 … [Continue reading] about $10 Billion of Loans Funded after “Jobs Act”
SBA Loan Queue Re-activated
SBA Loan Queue Update: As of January 4th, the SBA is no longer accepting Jobs Act loans in the loan queue and they have updated their status to show likelihood of funding as "Low." The SBA has re-activated the SBA Loan Queue and they are … [Continue reading] about SBA Loan Queue Re-activated
SBA Fee Waiver Extension Possible?
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 … [Continue reading] about SBA Fee Waiver Extension Possible?
SBA Loan Fees: Apply Now or Pay More
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 … [Continue reading] about SBA Loan Fees: Apply Now or Pay More
New Tax Deductions for Small Business
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 … [Continue reading] about New Tax Deductions for Small Business
Small, Small Business Loans
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, … [Continue reading] about Small, Small Business Loans
Super-Sized SBA Loans: BACK UP!
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. … [Continue reading] about Super-Sized SBA Loans: BACK UP!
Self Storage, Mini Storage Now Eligible for SBA
SBA Self-Storage Loans are more readily available since the SBA loan guidelines were changed to allow self storage/mini storage or mini warehouse businesses as an eligible business type. 90% financing is available for mini-storage, self storage … [Continue reading] about Self Storage, Mini Storage Now Eligible for SBA
Small Business Jobs Bill? Or Lending Bill?
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 … [Continue reading] about Small Business Jobs Bill? Or Lending Bill?