Stimulus-Enhanced SBA Loans: More Available and More Affordable
The collapse of the subprime mortgage market that began in late 2006/early 2007 also saw a decline in the availability of U.S. Small Business Association (SBA) loans through community banks. For entrepreneurs and would-be small business owners, who were seeking career changes or striking out on their own because of recession-related layoffs, the inability to secure an SBA loan at their local community bank was like adding “insult to injury.”
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