As part of our commitment to the growth of small businesses nationwide, U.S. Bank is a leading participant in the lending programs of the U.S. Small Business Administration (SBA). Lender participation is essential to growth in the quantity of loans approved and small businesses assisted. If a company has been in business for at least two years, is profitable and has cash flow to support loan payments, it’s likely a good candidate for an SBA loan,” SmartBiz CEO Evan Singer says.
H.R. 2936, the Small Business Administration Express Loan Extension Act of 2011, would extend a one-year increase in the maximum loan amount for the SBAExpress program from $350,000 to $1 million for an additional year. The Small Business Jobs Act increased the maximum amount of SBA microloans from $35,000 to $50,000.
The SBA is also streamlining the certification process and data for federal contracting and continues to aggressively root …