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Increasing the maximum loan size of 504 loans up to $5.5 million will help small businesses grow and expand their payrolls by supporting real estate purchases. And increasing the maximum loan size of SBA microloans from $35,000 to $50,000 will give a boost to start-ups and other smaller businesses.
30 mar 2022 · The Small Business Administration announced reforms to the agency's Community Advantage loan program, offering a shot at more capital for those in underserved communities.
14 sie 2024 · See additional lending data and more information on how the SBA under the Biden-Harris Administration has taken steps to increase access to capital in underserved communities. Black Lending: In FY24 so far, the average monthly loan count is 415, triple the average monthly loan count in FY20.
Get $500 to $5.5 million to fund your business. Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan.
The SBA has more than doubled the maximum loan size for its largest programs, permanently raising the maximum 7(a) and 504 loans from $2 million to $5 million, and the maximum 504 manufacturing loan to $5.5 million.
21 paź 2009 · Increasing the maximum loan size of 504 loans up to $5.5 million will help small businesses grow and expand their payrolls by supporting real estate purchases. And increasing the maximum loan size of SBA microloans from $35,000 to $50,000 will give a boost to start-ups and other smaller businesses.
