SBA Loans Could Help Brokerages

Author: NAR
Source: NAR
Topic: Government / Legislative

A new loan program designed to help brokers - as small business owners - could improve their brokerage during the downturn. The U.S. Small Business Administration will guarantee the applicable loans up to 90 percent and eliminate certain fees. The two types of loans are 7(a) loans and 504 loans. They can be used to obtain working capital and make certain capital expenditures, among other eligible uses. For more info contact Scott Rinn, 202/383-7508.