Małe firmy · 22.08.1997

Adoption of FA$TRAK Pilot Loan Program; Meeting

On March 6, 1995, the SBA published in the Federal Register a notice establishing the FA$TRAK loan program as a pilot program to test the implications of allowing selected SBA lenders to use their own documentation and procedures to approve SBA guaranteed loans under $100,000. In return, participating lenders received a maximum SBA guaranty of 50 percent. On September 9, 1997, the SBA will hold a public meeting as part of its evaluation of whether to adopt FA$TRAK as a permanent SBA program and extend the program to additional qualified lenders.