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Sweeping Changes Coming to SBA 504 and 7(a) Loan Programs

March 17, 2013

Proposed changes will eliminate certain SBA criteria to make it EASIER to obtain SBA loans. To follow are a few of the significant changes that are proposed for the SBA 504 and 7(a) Loan Programs:

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Changes Proposed by the U.S. Small Business Administration Will Make Borrowing & Lending Easier

March 10, 2013

After extensive consultations with lenders and borrowers to identify the greatest challenges they faced when lending and borrowing, the SBA found ways to reduce barriers in order to make SBA business loans easier. Borrowers and lenders of SBA loans will have greater access to capital and less paperwork as a result of a proposed regulation to streamline the SBA application process.

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