SBA Waives Fees on Small Loans

Earlier this month, the Small Business Administration (SBA) announced some very good news for those looking to borrow up to $150,000 as the agency announced it will continue its program of waiving fees on its Section 7 (a) loan program.  In Fiscal 2014, which ended September 30, through the 7a program, the SBA had approved…

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SBA Franchise Lending = $1.5 Billion Problem

The Government Accountability Office (GAO) this past week released its report on the Small Business Administration’s (SBA) 7(a) franchise loan program.  According to the GAO, the SBA paid out for borrowers who defaulted on 28 percent of all the franchise loans it approved over a 10 year span from 2003 through 2012.  Read more and…

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