SBA Unveils 90% Federal Guarantee on Energy Sector Loans
· Texas Border Business
The U.S. Small Business Administration (SBA) has introduced a new 90% Energy Guarantee for small businesses involved in the energy production supply chain. This initiative, part of the SBA International Trade Loan (ITL) Program, aims to stimulate private investment in energy production and distribution, ultimately lowering energy costs for households and businesses. The enhanced guarantee offers more flexible financing options compared to the standard 75% guarantee in the 7(a) Loan Program. Eligible businesses span various sectors, including petroleum extraction, mining, and support activities for oil and gas operations. The program is effective immediately.
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