Thursday, March 19, 2009

SBA Revises Goodwill Lending Provisions in SOP; Will Consider Higher Limits Case-by-Case

WASHINGTON -The U. S. Small Business Administration announced that it is accommodating concerns raised regarding the recently announced policy guidance on the financing of goodwill. SBA will consider loans for larger goodwill amounts on a case-by-case basis through August 31, 2009. The announced policy guidance originally allows SBA loans to be used to finance goodwill, but limits that financing to no more than half the loan amount, up to $250,000.

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