IBBA Supports Petition to Increase 7(a) SBA Cap to $10 Million

by an intermediary from University of Texas at Arlington

3 months ago

I just received the following email:

The IBBA Board of Governors unanimously supports the petition in circulation encouraging the SBA to increase the current 7(a) loan cap.  The petition's goal is to draw the SBA's attention to this issue which, if successful, would eventually result in the drafting of policy/program parameters that then would be further evaluated by the association.

To sign the petition - https://www.ipetitions.com/petition/5-million-sba-cap-doesnt-buy-what-it-used-to

0 likes
80 views
4 comments

searcher from Pennsylvania State University

Was there a rule change last year to allow $5M per NASIC code?

3 months ago | like reply | 0 likes

intermediary from Clemson University

^Searchfunder member‌ Thanks for posting the petition link. This would be very beneficial for structuring deals up to around $13 million. Currently, we are hamstrung at around the $7 million range.

3 months ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Sorry, but you are a broker's worst nightmare ... and how to fix it

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.