On congressional incumbents’ to-do list ahead of the midterm elections: Help small businesses by boosting their access to capital as well as to export markets.
Lawmakers will extend until Dec. 31, 2010, provisions that eliminate fees on the Small Business Administration’s (SBA) 7(a) and 504 loans and increase lender guarantees from 75% to 90%. Moreover, they’ll hike the limit on 504 loans from $2 million to $5 million and raise the limit on 504 loans from $1.5 million to $5.5 million.
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