SBA lending authority | Coleman Report

Coleman Special Report — SBA 7(a) Funding to be Reinstated Next Week

July 24, 2015 By Bob Coleman Editor, Coleman Report Great news for Main Street! Last night the Senate voted unanimously to increase the SBA 7(a) loan program cap by $2 billion to $23.5 billion for the government’s fiscal year ending September 30th. The House is expected to pass the measure on Monday. With President Obama’s…

A Solution to the Looming SBA 7(a) Loan Holiday

July 22, 2015 A Solution to the Looming SBA 7(a) Loan Holiday By Patrick Kelley and Brayden McCarthy Little gets done in Washington these days until the final second of the last minute before a deadline. This nail-biting pattern of governance by crisis has proven to be politically expedient for lawmakers—and a vexing point of…

Impending SBA 7(a) Lending Holiday Sooner than Expected

July 21, 2015 By Tom Wallace Contributor Last week the SBA lending industry was alerted to the probability that the SBA 7(a) program will max out the program’s lending authority sometime in August. The upshot of hitting the authorized lending cap is that lending under the 7(a) stops. To quote the analogy from last week:…