Omnibus Appropriations Act
New Omnibus Appropriations Act Brings Aid to Small Businesses
The new Omnibus Appropriations Act brings essential funds for smaller firms. The Act includes over $500 million in funds for the SBA, a significant increase over last year. Businesses can take substantial advantage of these opportunities by understanding and taking action on potential funds. Here are some funding highlights from the U.S. Senate website: SBA the authority to back $17.5 billion for the 7(a) and $7.5 billion for the 504 loan programs. The 7(a) and 504 loan programs are the largest source of long-term capital for small businesses, helping to create or retain more than 544,000 jobs last year. $2.5. Read More.