AmiSight 2/6: SBA Sends Borrowers Spinning
- Ami Kassar
- 15 minutes ago
- 1 min read
Imagine that you have been issued a U.S. green card, have been living and paying taxes in the U.S. for years, are working hard to buy your first business, and are deep into the process of getting an SBA loan. Based on a new ruling issued this past Monday, you are out of luck if that loan is not finalized and approved by March 1st.
Small business owners need consistency from government lending programs. Clear rules—tough or not—allow them to plan and act, while sudden policy shifts are likely to disrupt their business. Recent SBA rule changes have created notable uncertainty for small business borrowers. Head over to my 21Hats column to continue reading.
