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>> SMALL BUSINESS ADMINISTRATION Latest News

FEB 27, 2013 - Washington Business Journal

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SBA to expand access to loan programs

The U.S. Small Business Administration has proposed regulation aimed at streamlining its application process, while also strengthening oversight and the integrity of the agency’s loan programs. The new measures should result in greater access to capital and less paperwork for borrowers and lenders of those government-backed loans. Among the proposed changes are: • Eliminating the Personal Resource Test: A borrower will no longer be required to obtain a maximum level of personal finance resources…

Tags: SBA to expand access to loan programs,  Small Business Administration Latest News