SBA says 4,800 small businesses lost access to $2.5 billion in loans as the shutdown halts key 7(a) and 504 programs.
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A series of lending reforms was carried out under the Biden administration, which included reducing upfront guaranty fees and annual service fees paid by lenders. Usually, borrowers shoulder the ...
IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center received notice today that the U.S. Small Business Administration has certified ALC as a participant in the 7(a) Guaranteed Loan Program as a ...