Recent News

Businesses will continue to have most of their up-front 504 loan program fees paid for them by the US Federal Government for at least another month. On March 2nd the US Senate passed HR 4691, the Temporary Extension Act of 2010, which will provide $60 million to extend the elimination of certain 504 program fees. The President signed the bill into law.

The majority of visitors on Business.gov look for information about small business loans and grants. In response, they have built the Loans & Grants search tool and published numerous articles on the topic of grants. The following blog article provides the basics on the search, eligibility, and application process for federal grants.

SBA issued the following statement on Friday the 19^th of February from Administrator Karen Mills regarding efforts to ensure continued funding for two key provisions in the American Reinvestment and Recovery Act (ARRA) of 2009:

March 11, 2010 from 11:00 - 12:30 pm PT 

NADCO, the national voice of SBA 504 Certified Development Companies, has developed a new web conference to introduce or re-introduce community lenders to the SBA 504 loan program.

NADCO, the national voice of SBA 504 Certified Development Companies, has joined the voices of many small business groups and trade associations in supporting HR 4302 - the Small Business Job Creation and Access to Capital Act of 2009 - in the U.S. House of Representatives.

Evergreen Business Capital Senior Loan Officers Lori Milton and Lynn Beadling present a 2009 Partnership National Lending Officer Award to Scott Price of Umpqua.

We share some of our recent loan production details to recognize our lending partners, show the diverse businesses the 504 program can assist and celebrate the jobs being created.

The revised IRS Virtual Small Business Tax Workshop offers updated content with interactive features and a new reference section.

SBA Administrator, Karen Mills, discussed the SBA's achievements for 2009 and its goals for America's small businesses next year at a National Press Club luncheon last month.

President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday Dec. 20, 2009. It added money to the Recovery Act fund that pays the .5% lender fee and the 1.5% borrower fee in the 504 program.