SBA lowers subsidies, increases lending

04/17/2013 | American City Business Journals

The Small Business Administration announced a $109 million cut to its budget request at the Small Business Lending & Investment Summit on Capitol Hill, indicating that lower loan defaults are making it possible for the agency to back $23.8 billion in small-business funding with only $112 million in taxpayer subsidies. In contrast, the SBA asked for more than $350 million in subsidies last year to make up for bad loans made from 2005 to 2008.

View Full Article in:

American City Business Journals

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
CareSource
Dayton, OH
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC