SBA Raises Lending Cap, But Other Innovations Could Do More
Forbes
Friday, December 6, 2024
"As the traditional holiday shopping season kicked off on Thanksgiving weekend, the White House announced that the Small Business Administration (SBA) is increasing small business lending limits, and the Office of Management and Budget (OMB) has released guidelines to small businesses compete for federal contracting opportunities...
The SBA is announcing an increase of the maximum loan amount backed by SBA Community Advantage Small Business Lending Companies from $350,000 to $500,000 for active lenders in good standing."