Sheet Metal & Air Conditioning Contractors’ National Association

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Contractors can expect more wiggle room from SBA

Jun 13, 2018

 

SBA-Logo x250On June 5, the U.S. Senate passed a bill that gives the Small Business Administration (SBA) increased flexibility and oversight in lending practices related to the SBA's 7(a) loan program. Once President Trump signs the Small Business 7(a) Lending Oversight and Reform Act of 2018 into law, the SBA will be able to raise its lending cap by up to 15% above its authorization limit, if exceeded. This law would go into effect for 2018 and beyond. Read more...