The SBA has issued a FAQ sheet on the implementation of the Recovery Act policies. You can click here for more details. The highlights are that the SBA is:
-Raising the guarantee (remember the SBA doesn't actually loan money, the guarantee the loan for the bank. They had been guaranteeing 80-85% of the loan value, they are raising that to 90%).
-Reducing/eliminating the fees to both the borrows and the lenders.
They intention is that these moves will get money flowing again for small businesses. I believe small business is what will help the economy to recover and getting money moving again is key.
