SBA lending boom continues; 4 things small businesses should know

SBA officials assured Congress Tuesday that small businesses can expect to get a record number of loans through the agency’s programs this year.

The House Small Business Committee is holding hearings to review the Small Business Administration’s programs after the Government Accountability Office reported that the agency has failed to address various management problems. But judging from its hearing on the SBA’s lending problems, all systems are go when it comes to helping small businesses get the capital they need.

Here are four things business owners can expect when it comes to SBA loans this year