The SBA has announced controversial moves regarding its offices but also is hoping to grow two key lending programs.
The agency completely eliminated upfront guaranty fees for 7(a) loans under $1 million in October ... But the Biden-era SBA’s decision to remove fees has drawn ire from Republican lawmakers.
The SBA has been guaranteeing bank loans to small business since the Eisenhower Administration, principally through the 7(a) program. Lenders made some $31.5 billion worth of loans under the ...
Ignoring a spike during the pandemic, the overall number of SBA lenders is down 9% from 2017. What’s going on? To hear small banks tell it, one big reason they don’t make 7(a) loans is the ...
The administration, which wants to close the Education Department, hasn’t said how it would move the $1.7 trillion portfolio ...
A three-branch community bank in LaGrange, Georgia, is seeking to carve out a role as a national servicer of Small Business Administration 7(a) loans. Last month, the holding company for the $176.2 ...
President Donald Trump said Friday he has decided that the Small Business Administration will handle student loans, taking it ...
SBA Administrator Kelly Loeffler and President Donald Trump. Illustration: Inc; Photo: Getty Images As part of his plan to dismantle the Education Department, President Trump on Friday announced ...
Trump said in an Oval Office appearance on Friday the SBA will take over the management of $1.7 trillion in federal student loans. "We have a portfolio that's very large, lots of loans ...
"It doubled overnight." Trump signed an executive order Thursday calling for the dismantling of the U.S. Education Department ...
President Donald Trump on Friday said federal student loans will be moved from the Department of Health to the Small Business ...