Congress Is Failing To Fund An Effective SBA Program -- And Costing Business Owners Dearly

At the same time, a lesser-known legislative effort to assist a lesser-known SBA loan program sits idle in Congress. Back in May, before the 7(a) shutdown was on anyone's radar, Rep. Judy Chu reintroduced the Commercial Real Estate and Economic Development Act (CREED Act). The bill will help small businesses expand their access to capital by extending the Small Business Administration's 504 Loan Refinancing Program for five years.