The Senate voted 88-10 in favor of a $636 billion Defense appropriations bill early Saturday morning -- the bill includes $125 million to extend the SBA Recovery Act provisions through February 2010.
The final step will occur when President Obama signs the bill into law -- which will happen by Wednesday, December 23. This is very good news for the nation's small businesses and the 7(a) lending industry. We can expect loan volume to again grow.
Of the total $479 million appropriation requested by Senator Landrieu and 12 other senators, $125 million is included in this DoD appropriations bill, but the remaining $354 million is included in the House jobs-creation package, which is expected to be considered by the Senate early next year. The 'jobs bill' also includes an authorization extension for the reduction or waiver of the borrower fee and for the increased guarantee of up to 90 percent on 7(a) loans through FY2010. More >
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Hello everyone on here my name is Fumo Sadiku living in Malindi City Kenyan I want to tell a little more about a good hearted man called Mr Pedro working with funding service as loan officer, Mr Pedro helped me get a loan of 37,115,225.00 Shillings on my trying time trying to get back on my feet to raise my business I know there are some of you here who are in financial difficulties to talk to Mr Pedro pedroloanss@gmail.com I'm so glad for what he did for me and for his Bank accountant as well Accountant Hernandez Lucas Thank you very much for your work well done.
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