Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

SBA Actions Promoting Small Business Lending

March 16, 2009
Economic Target: 
Action Type: 

     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.  

• Providing rebates for loan fees paid since February 17th.

• Expediting future SBA loan processing.

• Requiring the 21 biggest banks receiving federal money must compile monthly reports on their levels of small business lending.  The Treasury department also calls on all banks to report on their small business lending quarterly, rather than annually.


Costs of provisions are unknown. 

Website Design and Development, Washington DC