Cointime update: The US House passed H.R. 10375 by voice vote, legislation aimed at simplifying the loan settlement process and expanding participation in the Small Business Administration’s 504 loan program. The 504 program guarantees loans made by certified private lenders of up to $5.5 million per borrower, helping eligible small businesses finance major fixed assets such as real estate, plants and heavy equipment.
US House passes bill to expand SBA 504 small-business loan program
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