In this tight capital market, besides hard money, SBA loans are trying to get the secondary markets for small business loans moving again. Since
koH Resources Inc is also a participant in SBA loans involving real estate, I will be doing a series on the news, the facts and the myths.
The Small Business Administration was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns and to maintain and strengthen the overall economy of the United States, which now includes Puerto Rico, the U.S. Virgin Islands and Guam. Below is a list of available programs (please remember that SBA is primarily a guarantor of loans made by lenders):
SBA’s efforts indicate that it is optimistic that the TALF (Troubled Asset-Backed Securities Loan
Facility) will help unfreeze the secondary markets and help restore liquidity to the small business lending industry; and is working closely with the Federal Reserve and the Treasury for success.