Friday, August 14, 2009


SBA Funding for Loan Guarantees may run out by year end.

A great status report by the SBA (including the graphic above) can be found here;

http://sba.gov/idc/groups/public/documents/sba_homepage/recov_perform_reports_07_2009.pdf

From the report; "Approximately 45.1% of total FY2009 and FY2010 funds available for loan approvals in the 7(a) Loan Program, the 504 Loan Program, and the ARC Loan Program have been approved as of July 31, 2009."

A year end re-examination process most likely will result in additional funds allocated to the program based on need and the success of the SBA Loan Guarantee program.

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