Tuesday, March 12, 2013

SBA Lending Marches On Post-Sequester, But Anxieties Linger


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UPDATE: The Small Business Lending and Investment Summit was postponed due to an expected snowstorm in the D.C. region, and it's rescheduled date is still pending.
The Small Business Administration isn't expecting to slow down its pace of guaranteeing loans in the wake of the sequester, says outgoing SBA-chief Karen Mills. While the agency's loan-guarantee fund expects to lose $16.68 million, the SBA has never reached its cap, despite recent record-lending years.
Meanwhile, a handful of uncertainties confront the SBA, including the potential revival of a popular commercial-real-estate-refinance program and a potential resolution to the sequester fighting, which make it difficult to predict where SBA lending will be a year from now.
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