14 Mar '13, 11am

SBA Proposes Changes to 2 Small Business Loan Programs via @GrowSmartBiz #smallbizreads

SBA Proposes Changes to 2 Small Business Loan Programs March 14th, 2013 :: Karen Axelton By Karen Axelton Are you seeking financing for your small business? Then you may be happy to know that the SBA is proposing changes to two of its popular small business loans that would result in streamlined paperwork and easier access to capital for small businesses. “Streamlining and simplifying has been a key focus of our agency over the last few years,” said SBA Administrator Karen Mills. “The changes are the latest steps to reduce paperwork burden, with our eye on the larger goal of expanding access to capital and giving entrepreneurs and small business owners the financial resources to grow and create jobs.” The proposed changes affect the 7(a) and 504 loan programs, and include: Eliminating the Personal Resource Test : Small business borrowers will no longer have to obtain a max...

Full article: http://www.networksolutions.com/smallbusiness/2013/03/sba...

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