SBA loan guarantees can help

Published on Thursday, March 04, 2010

SOURCE: U.S. SMALL BUSINESS ADMINISTRATION

Last year, with the help of 134 lending partners, SBA guaranteed 1195 bank loans under its flagship 7(a) loan guaranty program, injecting $165 million into the Massachusetts economy. And for the first three months of its fiscal year October – December 2009 SBA’s lending is up in Massachusetts by more than 50 percent, compared to the same time period for last year.

Is your business suffering from poor economic times? Look into SBA’s $35,000 American Recovery Capital Loan Program and learn more about the 7(a) guaranty program for loans up to $2 million.

Go to sba.gov/ma for the list of SBA participating lenders in Massachusetts, the latest hot topics and other programs and services available for eligible small businesses, or call the Massachusetts SBA District Office in Boston at (617) 565-5590 or the SBA Economic Hotline (617) 565-5627 to find out how the SBA can help you.


Published in Cape & Plymouth Business March 2010