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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. 

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