Benetrends Blog

Rebranding the 7(a) and 504 Loan Program Names

[fa icon="calendar'] Nov 10, 2016 3:50:15 PM / by Molly Klein posted in SBA, SBA 7(a) loans, sba loan

[fa icon="comment"] 0 Comments

Since the 1950s, the SBA has had two primary loan programs, the 7(a) and the 504 loan program.  As with everything in government, all things must change.  At the most recent NAGGLE (National Association of Government Guaranteed Lenders) conference, the SBA announced that effective November 1, 2016, the names of the 7(a) and 504 SBA Loans will be changed.  

Read More [fa icon="long-arrow-right"]

The Small Loan Advantage Program

[fa icon="calendar'] Jan 12, 2014 12:00:00 AM / by Benetrends posted in sba loans, General, SBA 7(a) loans, Small Business Owners, Small Loan Advantage, Benetrends, SBA Specialists, U.S. Small Business Administration

[fa icon="comment"] 0 Comments

 The SLA program is a delivery vehicle for SBA guaranteed term loans. In June 2012, the SBA revised portions of the SLA program making the application process even easier, expanding the number of qualified lenders and increasing the loan cap from $250,000 to $350,000. Pre-screening tools and streamlined documentation enable lenders to offer faster and more cost-effective SBA 7(a) loans to business borrowers.

Read More [fa icon="long-arrow-right"]

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all

Recent Posts