Enhanced Guarantees on Small Business Loans
Date:
March 16, 2009
Who:
SBA
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Government Guarantee Part of a package of government actions by the Treasury Department and Small Business Administration (SBA) on March 16, 2009 to promote small business lending.
The SBA previously provided a maximum guarantee on its 7(a) loans of up to 85% for loans below $150,000, and 75% for loans about $150,000. This guarantee will be raised to 90% for all loans.
Notes:
Provision costs are unknow.
Deficit impact unknown.
