BizSugar.com › Raising Capital › Small Business and Credit Act of 2010 Renews SBA Funding

Some businesses were benefiting earlier this year from a program created to guarantee 90% of a small business loan. This way, lenders could take on less risk when issuing loans to borrowers. However, the program expired in May when money ran out. Monday, September 27, though, saw some action on the state of funding for small business. Congress extended the SBA program through the end of the year, and President Obama has signed it into law.