SBA Small Business Lending Bill
The Senate Small Business Committee will mark up S. 2869 next Thursday, December 17th. Highlights of the legislation include: Increase the loan limit on 7(a)* loans from $2 million to $5 million. Increase the loan limit on 504* loans from $1.5 million to $5.5 million. Increase the loan limit on microloans from $35,000 to $50,000….