WASHINGTON — Bankers may find it easier to make small-business loans now that the Small Business Administration increased its guarantee of the 7(a) General Business Loan Guarantee program for applications received after Dec. 21.

The SBA guarantee was raised to 85% from 80% for loans up to $150,000 under the final government spending bill signed by President Clinton on Dec. 21.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.