A New Report Card on the SBA's Loan-Guarantee Programs
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The Small Business Administration guaranteed $29.6 billion in loans through its two biggest lending programs in the year ended September 2013, the agency said this week. That includes $11.7 billion for the SBA’s 504 program, which is used to finance real estate and other major assets, and $17.9 billion for its 7(a) program, which guarantees loans for more general purposes, such as working capital.
Here are three takeaways from the end-of-fiscal-year report: