SBA fires 40% of workforce

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by a searcher from University of Pennsylvania - The Wharton School
in Tampa, FL, USA

1yr ago

SBA fires 40% of workforce

What does this mean for my potential 7a loan?

5 Likes

773 Views

reply by an investor 1yr ago
from University of Southampton in Los Angeles, CA, USA

Make sure you're going to lenders buttoned up and on top of all issues pertaining to your deal. Losing momentum is a killer, even more so when resources are constrained.

reply by a lender 1yr ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

SBA offers a lot of services beyond the SBA lending programs. It is likely most of the cuts are in those areas. We do not anticipate any cuts will be made to the SBA lending programs. They are popular on both sides of the aisle. If you use a PLP lender they will approve the loan and just submit to the SBA for a final authorization, which is largely an automated system. So we do not anticipate any impact from a lending perspective.