SBA lending programs top $28B

  • SBA lending programs top $28B
    SBA lending programs top $28B
The U.S. Small Business Administration announced Fiscal Year (FY) 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided through the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased SBA guaranteed loan volume. In FY ‘20, which…

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