The U.S. Small Business Administration (SBA) has announced the reinstatement of lender fees for its 7(a) loan program, ...
The U.S. Small Business Administration has restored lender fees to its 7(a) loan program. The 7(a) program, the SBA’s primary ...
Lender fees have gone back into effect starting this week for Fiscal Year 2025. Over the coming weeks, the SBA will announce additional changes to safeguard the future of the 7 (a) loan program to ...
Two of the most common types of SBA loans are called 504 loans and 7(a) loans. While SBA loans have a higher maximum loan amount, 7(a) loans have a wider variety of potential uses. SBA 504 loans ...
The mid-year fee hike was necessary to reverse a revenue shortfall in the agency's 7(a) program, according to Administrator Kelly Loeffler.
WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) -- Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA ...
The SBA’s most common loans are offered through its 7(a) loan program. The SBA also offers loans through its 504 and microloan programs. The average loan size is $436,270 in the SBA 7(a ...
“Since its inception, the SBA’s 7(a) loan program has launched millions of small businesses, driving economic growth and job creation. But the Biden Administration’s actions to undermine the ...
SBA 7(a) loans offer long terms, competitive rates and high loan maximums, which are ideal for restaurant owners who can qualify. So far in fiscal year (FY) 2025, over $1.9 billion in 7(a ...
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 ...
A day after White House officials said the Education Department would administer the student loan program, President Donald Trump announced that the Small Business Administration would be taking over ...