SBA Halts Funding New Loans, Hits Cap
As a result, SBA is forced to suspend its 7(a) small business lending until the start of the new fiscal year on October 1, 2015, or until such time as the 7(a) loan authority is increased by Congress. Loan approvals went on hold Thursday when the SBA reached its $18.75 billion...
Posted On Jul 28 2015