Welch's proposal: Express Loan available from the
Small Business Administration currently has a cap of $350,000. Welch's
proposal would raise that cap to
Welch Unveils Plan to Expand SBA Loans
This is a welcome move but again there are still the traditional humps to jump through in order to get and SBA guaranteed loan. Any moves like this help bring attention to the SBA Loan programs for business owners.
I think that categorically there are more baby boomers with a solid credit and financial footing entertaining business ownership. A program like this can definitely draw some attention.
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