Administration Announces New Small Business Commercial Real Estate and Working Capital Programs
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At the same time, the president continued his call for a permanent increase of the maximum loan sizes for SBA’s 7(a), 504 and microloan programs, and to extend the successful small business Recovery Act lending programs. These initiatives are part of the administration's broader agenda to improve access to credit for small businesses, including a proposal to transfer, through legislation, $30 billion to a new Small Business Lending Fund that will support lending by community and smaller banks.
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