Washington, D.C. – Today, Congressman Joe Donnelly sent a letter to House of Representatives Speaker Nancy Pelosi and Committee on Small Business Chairwoman Nydia Velasquez supporting an increase in the loan limits for the Small Business Administration (SBA) 7(a) loan guarantee program from $2 million to $5 million.  Donnelly sent the letter in response to feedback from small businesses in north central Indiana who depend on these loans to expand their businesses and create jobs.

“In these tough economic times, access to credit is one of the most important resources for a small business,” said Congressman Donnelly.  “The SBA 7(a) loan program has been an effective tool for many Hoosier businesses so far, but I know we can do more.  I will continue to advocate on behalf of Indiana businesses to Congressional leaders and to the SBA, because a strong small business sector is critical to getting our economy back on track.”

To read Congressman Donnelly’s letter to Speaker Pelosi and Chairwoman Velasquez, click here.

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