WASHINGTON -- Armed with $3.2 billion in new loan-guarantee authority, the Small Business Administration this week invited banks to begin taking new applications from customers who need the subsidized credit.

And some bankers, including loan officers at First National Bank of Stillwell, Okla., said they will begin responding right away.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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