Client Alert
Recent Changes and Enhancements to the Small Business Administration's Lending and Investment Programs
April 8, 2009
On February 17, 2009, President Obama signed into law the $787 billion American Recovery and Reinvestment Act of 2009, also known as the “stimulus bill” (the “Recovery Act”). Among the numerous provisions in the Recovery Act, Congress set aside $730 million for the U.S. Small Business Administration (the “SBA”) to significantly enhance its lending and investment programs. The federal government intends the Recovery Act to help unlock the nation’s credit markets and jumpstart economic activity of small businesses across the country. Specifically, the Recovery Act provides for SBA enhancements and new programs.
Click here to read our client alert summarizing the SBA Enhancements and New Programs.
If you have any questions about this or another Small Business Administration matter, please contact a member of the Capital Markets Practice Group at Womble Carlyle Sandridge & Rice. Readers are urged to consult with their regular contacts at Womble Carlyle or Carolyn Saffold Wilson at 404-888-7487.
Womble Carlyle client alerts are intended to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances, nor should they be construed as advertisements for legal services.
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