SBA
SBA Actions Promoting Small Business Lending
Date:
March 16, 2009
Who:
SBA
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Regulatory Change Programs are part of a package of government actions by the Treasury Department and Small Business Administration (SBA) on March 16, 2009 to promote small business lending.
These measures include:
• Eliminating borrower and lender fees for SBA-backed 504 loans, which combines government-backed loans with private mortgage loans to support community development.
• Eliminating up-front fees for SBA 7(a) loans.
Notes:
Costs of provisions are unknown.
