SBA Advantage Loan Initiatives: To replace the Community Express pilot loan program, by 2/15/2011, the SBA will implement the Advantage Loan Initiatives aimed at increasing the number of lower-dollar SBA 7(a) loans going to small businesses and entrepreneurs in underserved communities.  Additional information is available on the SBA website.

SBA Dealer Floor Plan pilot loan program: SBA re-launched the program on 2/8/2011, aimed at increasing access to inventory financing for auto, boat, RV and other dealerships.  The pilot is part of the SBA 7(a) loan guarantee program and will remain in effect through 9/30/2013.  Additional information is available on the SBA website.

SBA 504 Loan Refinancing Program: On 2/17/2011, SBA launched a temporary program that will end on 9/27/2012, allowing small businesses to refinance eligible fixed assets in its 504 program without the requirement of an expansion, as is the case with typical 504 loans.  Additional information is available on the SBA website.