Small Business Administration

SBA is Taking Action to Increase Access to Capital for Smallest Businesses

The U.S. Small Business Administration (SBA) is taking measures to increase access to capital among the smallest of businesses. Effective¬†October 1, 2022 thru September 30, 2023, there will be zero SBA guaranty fees on 7(a) loans of $500,000 or less. For SBA 7(a) loans, the guaranty fee is assessed on the portion of the loan that the SBA guarantees. Normally, this fee can be up to 2.77% for loans of $500,000 and less. The move […]