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Integrated Recovery Guide - Small Business: 7(a) Loan Guarantee Program Print Share
7(a) Loan Guarantee Program
$375 million was included for temporary fee reduction for the 7(a) loan guarantee program and the 504 loan program.
Agency: Small Business Administration (SBA)
Provision: Temporary fee elimination - SBA is directed to collect no fee or reduce fees to the maximum extent possible for the 7(a) loan program. SBA may guarantee up to 90% of 7(a) loans.
Purpose: To ensure small businesses maintain have access to 7(a) loans that may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business.
Website: www.sba.gov/nm
www.sba.gov/recovery
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Email: answerdesk@sba.gov
Phone: 1- 800-U-ASK-SBA (1-800-827-5722)
(505) 248-8225 - (New Mexico District Office)
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