SBA loans costing taxpayers more money The Business Journals by Kent Hoover, Washington Bureau Chief Date: Friday, March 30, 2012, 2:53pm EDT
U.S. taxpayers are putting more money than ever into subsidizing Small Business Administration loans -- an unsustainable trend as an era of budget austerity looms. Next year, the SBA will need $351 million in subsidies -- 37 percent of the agency’s overall budget request -- to support $22 billion in government-guaranteed loans to small businesses. That’s up from this year’s subsidy of $210 billion, and $83 billion in subsidies in both 2010 and 2011. From 2005 to 2009, the SBA’s loan programs didn’t need any government subsidy -- fees to borrowers and lenders covered all their costs................>>>>................>>>>.............http://www.bizjournals.com/biz.....yers-more-money.html
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