Small Business Administration (SBA) boosts lending

As of June 15th the SBA has taken steps to help small business owners who have been hit hard during this economic crisis. According to The Business Review "The SBA began accepting applications for emergency bridge loans of up to $35,000. Small businesses can use these loans, which were created by the economic stimulus bill, to make up to six months of payments on existing debt." The SBA will allow a year, after the last disbursement, before loan payment begin, giving small business owners the small breather, some desperately need