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More Businesses Now Eligible For SBA Loan Program

May 4, 2009 RSS Feed Print

The standards to qualify for Small Business Administration-guaranteed 7(a) loans have been expanded. The SBA is making a temporary change to allow business with net worth of $8.5 million or less to qualify if their average net income after taxes is $3 million or less. The change goes into effect next week and will last until September 30, 2010.

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soundtracks of AL 8:10AM July 17, 2009

Reverse Mortgage is a Mortgage based product becoming very popular with senior home owners during the past few years. According to a current HUD projection, during 2009, there will be over 160,000 reverse Mortgages that will be originated which is a huge increase from previous years. http://www.reversemortgageleaders.com/

david of VA 2:21AM June 03, 2009

I wish they would up there limits it has been 1,500,000.00 for a long time. I have a large SBA loan and the problem is they take everything and the 1,500,000.00 puts me in bad shape because I am in need of workig capital. If they would make the SBA Expresss loan availble it would sure help.

Rich Schmicker of CA 9:01PM May 04, 2009

More Businesses Now Eligible For SBA Loan Program

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