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SBA Says It Expects Guaranteed, No-Fee Loans to Fly Off the Shelf

With many small businesses hurting, the Small Business Administration said it is bracing for a tidal wave of requests for its new deferred-payment, no-fee loan program, which made its debut on June 15.

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With many small businesses hurting, the Small Business Administration said it is bracing for a tidal wave of requests for its new deferred-payment, no-fee loan program, which made its debut on June 15.

“We are expecting very high demand. Really, our hope is to use this as not only a bridge but as breathing room for future expenses,” said Eric Zarnikow, SBA associate administrator for capital access, during a June 8 conference call.

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