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

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…

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!

First do your business plan. Then read the Bill.