The Small Business Administration
(SBA) has issued a notice announcing the extension of its Export Express Pilot
Program until September 30, 2007.
According to SBA, the extension
will allow time for SBA to finalize its analyses of this program and also
complete internal discussions regarding potential modifications and
enhancements to the program.
SBA explains that the Export
Express Pilot Program was established as a subprogram of its SBAExpress Program. It was established in
1998 to assist current and prospective small exporters, particularly those
needing revolving lines of credit. Export Express generally conforms to the
streamlined procedures of SBAExpress,
although it carries SBA's full 75-85 percent guaranty. The maximum loan amount
under this program is limited to $250,000.
SBA states that it previously
extended Export Express until November 30, 2005, again to May 31, 2006, and
then again to December 31, 2006 to consider possible changes and enhancements to
the program.
SBA contact – Charles Thomas (202) 205-6490
SBA notice (FR Pub 12/15/06)
available at http://a257.g.akamaitech.net/7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/pdf/E6-21356.pdf.
Published in ITT on December 29, 2006 | [Ref: 06122930] |
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