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The SBA told credit unions and other lenders today that it will reactivate the Recovery loan queue by Feb. 22 to ensure that the $125 million appropriated to the agency in December will go out the door much faster to small businesses.

The SBA received $730 million through the Recovery including $375 million to support raising the government guarantee to 90% on its7(a) loans and reducing some lender and borrower fees on its 7(a) and 504 loans. The funds ran out in November 2009. SBA received an additional $125 million appropriation in December 2009 along with authority to continue both of the programs through February.

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