Friday, March 26, 2010

SBA Recovery Act Provisions Extended Again

SBA Recovery Act Provisions Extended to April 30

Yesterday new legislation was introduced and passed by the House of Representatives (HR 4938), followed late last night by approval in the Senate.The measure (HR 4938) that extends the Recovery Act SBA loan provisions through April 30: Up to $40 million is available for 7(a) and 504 fee reductions/waivers and the 90% 7(a) guarantees, as well as extension of SBA's authority to provide the higher guarantee (up to 90%).

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