Attention businesses:
SBA to host stimulus Web chat
The Small Business Administration will host a Web chat Thursday from 1 to 2 p.m. on what the economic stimulus legislation means for small businesses.
SBA Associate Administrator Eric Zarnikow will host the chat, and will answer questions from small businesses. As a result of the legislation, the SBA has increased its government guarantee on its flagship 7(a) business loans and temporarily eliminated fees on these loans. Fees also have been eliminated on loans made through its 504 program, which primarily finances real estate.
The SBA also is in the process of creating new programs as a result of the bill, including bridge loans of up to $35,000 for small businesses having trouble making payments on existing loans.
To join the live Web chat, go to www.sba.gov and click the Online Business Chat icon.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment