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>> SMALL BUSINESS ADMINISTRATION Latest News

16 HOURS AGO - Yahoo! News

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Small business loans resume after Congress lifts guarantee cap

U.S. President Barack Obama on Tuesday signed legislation renewing federal loan guarantees for small businesses that were exhausted last week and also raising the overall cap on the program. The House of Representatives on Monday unanimously approved the Small Business Administration loan program in a bill the Senate had already passed. The measure sets the new limit for the SBA's ...

Tags: Small business loans resume after Congress lifts guarantee cap,  Small Business Administration Latest News

18 HOURS AGO - ABC News

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22 HOURS AGO - ABC News

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JUL 27, 2015 - Washington Business Journal

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Congress ends SBA loan shutdown by raising annual lending cap

The Small Business Administration can resume lending to small businesses through its flagship 7(a) loan program now that Congress has raised the program’s authorization level. The SBA was forced to suspend 7(a) lending on Thursday after the program hit its $18.75 billion annual loan ceiling with more than two months left in the government’s fiscal year. The Senate passed legislation ...

Tags: Congress ends SBA loan shutdown by raising annual lending cap,  Small Business Administration Latest News

JUL 27, 2015 - Washington Business Journal

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Director vacancy doesn't slow SBA loan growth in KC district

Kansas City has the only Small Business Administration office in the nation with a vacancy at district director, yet it managed to increase lending by 12 percent. The district director position has been vacant since Roderick Cox retired in June 2014. It is being led by Acting Director Leon Milobar, who also is district director for Nebraska. Milobar said the ...

Tags: Director vacancy doesn't slow SBA loan growth in KC district,  Small Business Administration Latest News