Bank of America has been rated no. 1 compared to all other banks in terms of the dollar amount of credit provided as part of the Small Business Administration’s 504 loan scheme during the past fiscal year. The firm extended in excess of $297 million in first-trust deed loans and roughly $233 million in second-trust [...]

The U.S. Small Business Administration (SBA) recently announced that the limits of some of its loan programs had been increased as per the new loan limits outlined in the Small Business Jobs Act of 2010, which was recently signed into law by President Obama. The most significant increases in loan limits made as a result [...]

The first transaction under the new Supply-Chain Finance Guarantee Program of the Export-Import Bank of the United States was approved recently, according to a recent announcement made by the bank. This Supply-Chain Finance Guarantee Program is a 90 percent guarantee to support up to US$100 million of liquidity from Citibank N.A. to small and medium-sized [...]