A group of 13 senators has written to the Appropriations Committee requesting funds to extend Small Business Administration Recovery Act lending programs.
According to the SBA, its Recovery Act funding has generated loans to more than 40,000 small businesses. During the time that Recovery Act funding was available, SBA lending increased by 79 percent, supporting $16.5 billion in SBA-backed lending," said Sen. Mary Landrieu, D-La., one of the senators who signed the letter. That is why it is critically important to extend the Recovery Act funding for SBA loans.
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