The Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses. In coming months, the SBA will launch a working capital pilot program designed to be more attractive than existing products. The program aims to provide small businesses funding for specific projects or to borrow against their assets. The SBA's new working capital lines offer small business owners the option to fund specific projects or borrow against their assets, with interest rates ranging from approximately 12% to 15%.
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00:00It's Benzinga, and here's what's on the block.
00:02The Small Business Administration plans to unveil new government-backed credit lines
00:06of up to $5 million for small businesses.
00:09In coming months, the SBA will launch a working capital pilot program designed to be more
00:14attractive than existing products.
00:16The program aims to provide small businesses funding for specific projects or to borrow
00:21against their assets.
00:22The SBA's new working capital lines offer small businesses owners the option to fund
00:26specific projects or borrow against their assets, with interest rates ranging from approximately
00:3112% to 15%.
00:32For all things money, visit Benzinga.com.