SBA Stimulus II Provisions:‏

January 12, 2010 at 4:50 pm Leave a comment

Increase 7(a) loan limit from $2 million to $5 million
• Increase the 7(a) loan guaranty to a maximum of $4.5 million (90%)
• Increase the SBA 504 loan limit to $5.5 million
• Allow the 504 loan program to refinance short-term commercial real estate loans
• Extend Stimulus I — 90% 7(a) guaranty and borrower fee waivers — through December 2010
• Increase the loan limit on microloans from $35,000 to $50,000
• Allow 7(a) loans to be sold



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