SBA associate administrator Eric Zarnikow will host the chat, and will answer questions from small businesses. As a result of the legislation, the SBA has increased its government guarantee on its flagship 7(a) business loans and temporarily eliminated fees on these loans. Fees also have been eliminated on loans made through its 504 program, which primarily finances real estate.
The SBA also is in the process of creating new programs as a result of the bill, including bridge loans of up to $35,000 for small businesses having trouble making payments on existing loans.
To join the live Web chat, go to www.sba.gov and click the Online Business Chat icon.
About Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America’s future, and to helping the United States compete in today’s global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
Small Business Administration Executives:
- Molly Wilkinson [Chief of Staff]
- Eric Zarnikow [Associate Administrator]
- Fay Ott [Associate Administrator]
- Jovita Carranza [Acting Administrator]
- William Manger Jr. [Associate Administrator]