SBA says 4,800 small businesses lost access to $2.5 billion in loans as the shutdown halts key 7(a) and 504 programs.

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 ...

Feb 26, 2025, 8:07am EST Updated: Feb 26, 2025, 8:27am EST Haiyun Jiang/The New York Times Small Business Administration Administrator Kelly Loeffler this week issued a memo detailing planned changes ...

A combination of reduced loan fees, rising delinquencies and backlogged loan buybacks are plaguing the popular program. The Small Business Administration’s flagship 7(a) loan program lost hundreds of ...

WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) -- Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA) ...

SBA’s largest lending program—known as 7(a)—encourages private lenders to offer loans to small businesses that might not otherwise get funding, with SBA guaranteeing a portion of the loan. The program ...

The Small Business Administration raised fees on its flagship 7(a) loan program in an effort to course correct after the program lost money for the first time in more than a decade. The move will no ...

The Small Business Administration's 504 program has operated in the shadow of the larger, more popular 7(a) loan guarantee program throughout its 60-year-history. This year is proving to be an ...

The Small Business Administration is rolling out a new loan program specifically for small manufacturers. The 7(a) Manufacturers' Access to Revolving Credit (MARC) loan program will offer working ...

Guidehouse, a global AI-led professional services firm, has supported Falcon Bridge Capital in the successful issuance of its second multiparty securitization of the unguaranteed portions of Small ...

Sen. Katie Britt, R-Ala., left, and Kelly Loeffler during the Jan. 29 Senate hearing on Loeffler's nomination to lead the Small Business Administration. The Small Business Administration is freezing a ...