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SBA reverses lending rule announced in August
Forbes reports the reversal prevents added paperwork and delays for small-business buyers using SBA-backed loans of $350,000 or less.
TLDR
Forbes reports that the Small Business Administration reversed a new lending rule it announced in August. The retreat prevents added paperwork and delays for people buying a small business with an SBA-backed loan of $350,000 or less. Experts say the effects could be significant for small-business owners.
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