New SBA Loan Program Offers Relief for Trailer Dealers

The Small Business Administration publicly unveiled its new 7(a) business loan guaranty program designed to open up dealer floor-plan financing opportunities for trailer, RV, boat and other dealerships facing tight credit and loss of traditional floor-plan financing sources. The details of the SBA's new 7(a) Pilot Program, which is slated to begin July 1, 2009, will be published shortly. For more information, please CLICK HERE.  Please spread the news -- and thank SBA for its efforts to help our industry!