Jobs bill could put the squeeze on some SBA loans

09/26/2010 | NYTimes.com

President Barack Obama is expected to sign the small-business jobs bill into law today, and one little-understood provision could change the nature of Small Business Administration lending. Limits on popular 7(a) loans will jump from $2 million to $5 million -- more than most entrepreneurs are looking to borrow. As a result, some critics say banks will make bigger loans to fewer customers, further squeezing out small businesses with limited credit needs.

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