March 14, 2009

Stimulus Package!

Yesterday I had the opportunity of meeting with Stan Nakano who is the District Director of the Small Business Administration. We spent most of the time talking about the stimulus package, at least the portion that the SBA is receiving. Nationwide the SBA is receiving $730 million dollars to help businesses grow and expand.  It will be used as follows: $375 million will be used to offset fees for borrowers and lenders to make loans for expansion more affordable.  On 504 loans (this is the loan for buildings, etc), the 1-1/2% origination fee will be waived.  For the first time, […]