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
$2 million.
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.
Craig Francis is the creator of SBALOANSTORE.com and is one of top 10 commercial USA real estate brokers nationally, with over 27 years of business development industry experience. He has personally produced a BILLION DOLLARS for small business, and was a top producer for Dun & Bradstreet, Bank of Commerce, and Local Development Corporation. Visit SBALOANSTORE.com for more information. Craig Francis is also available to work directly with businesses in the Southern California area. He can be reached directly at 1-888-666-9722.
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