As the SBA recently marked how the Small Business Jobs Acts of2010 has helped it approve more than $10.3 billion in loanguarantees since the legislation was signed back in September,credit unions and other lenders could reap some unexpectedbenefits.

The Small Business Jobs Act included an array of provisionsaimed at helping small businesses gain access to capital, competefor federal contracting opportunities, expand exportingopportunities and obtain other assistance to help them grow andcreate jobs.

“The new bill enables banks and credit unions to make largerSBA-backed loans to larger businesses,” said Barbara Morrison, CEOof TMC Development, a certified development company in SanFrancisco. “For the first time ever, middle-market bankers haveaccess to the lower rates and attractive terms of SBA financing tohelp small and mid-size companies grow their businesses.”