(Feb. 16/15) Members can expect to see changes to the Small Business Financing Program:
- The threshold for eligibility for a small business loan will increase from $5 million to $10 million.
- The maximum loan amount to acquire real property will rise from $500,000 to $1 million.
- The threshold remains the same for leasehold improvements, and for purchasing new and used equipment at $350,000.
These changes were announced in January, but will take only take effect after legislation is passed.
Learn more about these changes and the Small Business Financing Program.