When the American Recovery and Reinvestment Act was announced back in February 2009, the SBA received $730 million of federal stimulus funding from the program. Loan demand soon gobbled up that funding, and in December, the SBA received an additional $125 million (I blogged about that extension on Small Business Trends last month).
SBA Administrator Karen Mills told BizJournals.com that the SBA was able to immediately get that money distributed to small businesses. However, the extension runs out at the end of February.Read More
From Small Business Trends
What’s Happening with SBA Lending – and Do Small-Business Owners Care?
If there’s any doubt that small businesses and access to credit are still a very hot topic in this almost-post recession economy, just read the headlines.
Last May the Credit Card Accountability, Responsibility and Disclosure (CARD) Act was signed into law, containing a sweeping set of regulations designed to curb many unfair credit card issuer practices.