The Small Business Administration has raised the limits for 504 and 7a programs, along with relaxing some requirements. Since the SBA doesn’t actually make the loans (banks do) and doesn’t have to service them or carry them on their books (banks do), it remains to be seen if this will launch a renaissance in small business lending or is just another feel good photo op.
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Peter Mehit is co-founder and Managing Partner of Custom Business Planning and Solutions, a business consulting firm that provides problem solving, planning and process help. He has worked from private equity to the Fortune 100 at all stages.
He can be reached at pmehit@wbpllc.com or at 800-741-8444.
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