AAHOA Issues Statement on Increase of Combined 7(a) and 504 Loan Limits for Manufacturers

ATLANTA, Georgia—The Asian American Hotel Owners Association (AAHOA) issued a statement in which it acknowledged the U.S. Small Business Administration’s (SBA) announcement increasing the combined borrowing capacity for SBA 7(a) and 504 loans to $10 million as a positive step forward. Under the SBA’s action, eligible manufacturers may access up to $5 million in SBA 7(a) financing and up to $5 million in SBA 504 financing for qualified business purposes, including expansion, equipment purchases, and operational investments.  […]

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