Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (01/03/2011)
* WASHINGTON (1/4/11)--As of Dec. 31, the Small Business Administration (SBA) had approved more than $10.3 billion in loan guarantees since President Obama signed the Small Business Jobs Act of 2010 on Sept. 27. The Jobs Act included an extension of reduced fees and higher guarantee loan enhancements in the agency’s two largest loan programs. SBA Administrator Karen Mills noted that in three months all of the $505 million in subsidies provided in the Jobs Act to support loan enhancements has been used by the agency’s national network of lending partners. As a result, the SBA has activated its loan queue to redirect any remaining funds that result from loan cancellations to Jobs Act loans. During the fourth quarter, SBA approved nearly 22,000 small business loans for $10.47 billion, supporting $12.16 billion in lending. The amounts are greater than the volume for Jobs Act loans over the same period because they exclude some loans that were not eligible for Jobs Act enhancements …


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
10 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
11 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
13 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
14 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
14 hours ago