Optimism is building among Small Business Administration lenders and secondary market participants that two government programs can get the SBA loan market moving again, though they say there are important details left to be fixed.

A new lending facility for the SBA secondary market has made it through rounds of trimming in the Senate stimulus bill, and the terms of a Federal Reserve Board liquidity program have gotten sweeter. But market participants say the Fed program still needs some adjustments before it can be truly effective.

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