THE INNOVATIVE REPORT » July 24, 2015

Daily Archives: July 24, 2015

SBA Hits Its’ 7(a) Loan Cap Halting Funding for Remainder of Fiscal Year

Unfortunate news was released Thursday, July 23rd from the Small Business Administration (SBA) stating the $18.75 billion cap was reached at noon and therefore halting the funding of all remaining loan applications for the remainder of the 2015 fiscal year. The SBA did expect to reach the cap by late August, however it has come early this month. Continue reading

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