The Small Business Administration has moved toward making more credit available to marine dealers by announcing an increase in the eligibility of its 7(a) guaranteed loans.
Starting this week, the SBA will adopt a change in its size standard for 7(a) loans, allowing a small business to qualify based on net worth and average income. The alternate size standard will temporarily replace the SBA's traditional size standard for 7(a) loans, which varied by industry.
Source: Soundings Trade Only
