The USDA Update as of October 22, 2009

Obama Recommends Increasing SBA 7a Loan Maximum to $5 Million

We commend President Obama for recommending an increase of the SBA 7a loan maximum to $5 million, as SBA's current $2 million dollar loan size caps out and restricts growing companies from expanding. This increase is essential if the economy is to recover in that 65% of all new jobs are created by small businesses with less than 75 employees.