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SBA Free Resources, Loan HelpBy Dianne Anderson Aside from an all-out fake out, it's becoming drastically hard to put a happy face on the bad state of small business. Ugly vacant storefronts dot the landscape from one side of the state to the other, fueled by a bad economy that makes it tough to find any good in the mix. Still, the Small Business Administration said there are some positive moves for those who can ride out the storm. In all, the SBA received approximately $1 billion from the American Recovery and Reinvestment Act (ARRA) to try to get lenders to loosen up credit for small businesses. Some of that money has made a significant impact. In the six months ending July 16, the agency reports that loan dollar volumes increased over 90 percent in 7(a) and 504 programs. Read more... |
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