The agency estimates that will generate $4.5 billion in small business lending. The SBA doesn't lend money directly; it guarantees portions of private bank loans. Under the Recovery Act, the SBA waived or lowered fees on those loans ... Redwood Credit Union vice president of business services Michael Downey wouldn't speak specifically to Pippa's loan. But, he said, “It's obviously been a really challenging year for the credit markets in general, and lenders did in many ...
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