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Senate Bill S.1615 Suggests Online SBA Loan Applications May be Possible

Joel Libava
1 min read

Applying for a franchise/small business loan? Maybe you will be able to do it in a much more Green way. Instead of hopping into your vehicle, and going up to your local SBA lender's place of business, you may be able to sit at your computer, and apply for the American Dream, right online…

(This post may contain affiliate links. Please read my disclosure policy).

Senator Olympia Snowe, R-Maine, is introducing a bill that would allow for that. WOW. This is so Web 2.0. {I am not being sarcastic, for once.}



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In addition, in order to boost lending to a lot of folks that read this blog, {Prospective franchise owners} the bill also includes a $15,000 increase in the amount you can borrow in the SBA's Microloan program. This is great news!


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I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been helping people make smart, informed decisions on franchises to buy, and I can help you, too! #thefranchiseking
“The fantastic thing about Joel is his neutrality. Because he is not getting an incentive fee, he will always give you the advice that you need (even if not what you necessarily want) and that's pretty unique these days. Thank you Joel!"
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