Twinning NMTCs with SBA 7a Loans: Legal and Practical ...
of the Small Business Administration’s (SBA’s) 7a loan guar-anty program with NMTCs. Under the 7a program, SBA-approved lenders can make loans guaranteed by the SBA. Depending on the type of loan (which currently can be as much as $5 million), the SBA may guaranty between 75 and 90 percent of the loan’s principal amount. ................
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