SBA Recovery Loans (with the 90% guarantee and reduced fees)

SBA Recovery Loans (with the 90% guarantee and reduced fees)

 

President Obama recently signed legislation that will reduce taxes and provide credit help for small businesses.

The Small Business Jobs Act will provide $14 billion more in lending support and extend SBA Recovery loans (with the 90% guarantee and reduced fees) estimated to last through December 31, 2010.

The bill also permanently increases 7(a) and 504 loan size limits from $2 million to $5 million offered by the government's Small Business Administration.

SBA Administrator Karen Mills issued the following statement regarding the passage of the Small Business Jobs and Credit Act: "Today's vote by the House to send the Small Business Jobs and Credit Act to the President for his signature is a key step forward in making sure small businesses have the resources they need to do what they do best - create jobs and drive economic growth. This bill includes billions in tax cuts specifically targeted to small businesses so they can put more of their own resources into growing their business. At the same time, this bill ensures those very businesses have access to the capital they need by extending SBA's successful Recovery loan enhancements and putting local, community banks in a position to be a real partner for small businesses and entrepreneurs. This bill is the right step forward for our nation's small businesses and our economy."

SOURCE SBA.gov
http://www.sba.gov/idc/groups/public/documents/sba_homepage/news_release_10-51.pdf

 

Visit the link below to get a Quick response to your SBA Loan Scenario. Simply provide us with some VERY BASIC information:

Quick Loan Pre-Qual form

Within 24-48 hours of receiving this information from you, we should be able to provide you with details of all available financing options.

Click here to visit our website to view details of our SBA financing.

 

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@CommercialLendingPros.com

Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing