What’s Ahead for the SBA in 2013

 

Catherine Clifford at Entrepreneur.com checks in with a new post on what to expect from the U.S. Small Business Administration during the coming year.

Here’s a preview:

With the current uncertainty in Washington, D.C., what’s in store for the Small Business Administrationthis year is a mostly hazy forecast. We asked some SBA watchers to share their views on what they expect to happen at the agency in the coming 12 months. Here’s what they said.

The Big Issues Access to capital. One of the SBA’s most important mandates is its responsibility to facilitate the distribution of capital to the nation’s small businesses. It does this through a number of programs which serve as a virtual backstop for a bank’s loan program. In the SBA’s 2012 fiscal year, which ended Sept. 30, it supported loans to 44,377 small businesses for a total of $30.25 billion, down from the record 61,689 loans to small businesses made in the 2011 fiscal year for a total of $30.5 billion. The 2011 record year was due to a slew of stimulus efforts that both increased the percentage of the loan that was backstopped by the SBA and reduced the fees associated with the loans, making them more attractive to both banks and small businesses.

To continue reading, visit: http://www.entrepreneur.com/article/225545

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