U.S. House of Representatives votes to increase subsidy for SBA loans
The U.S. House of Representatives approved a plan last month that would increase the federal government’s subsidy for loans backed by the U.S. Small Business Administration (SBA), Dayton Business Journal reports. The House voted to increase the subsidy, which the SBA receives to guarantee loans to small companies, to $333 million for next year — up from this year’s $210 million, the article said. For more, read the full story.
