Administration Announces New Small Business Commercial Real Estate and Working Capital Programs
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New Proposals:
1. Temporary Small Business Owner-Occupied Commercial Real Estate (CRE) Refinancing--Expand SBA’s existing 504/Certified Development Company (CDC) program temporarily to support refinancing for small business owner-occupied CRE loans that are maturing in the next few years and help refinance over $20 billion each year in commercial real estate that might otherwise be foreclosed and liquidated.
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