In today’s economy, the purchasing power of $5 million is not what it once was, with rising costs across housing, fuel, food, and labor sectors. The SBA (7a) loan limit, static since its last increase to $5 million in 2010, struggles to meet modern small business needs. With the SBA backing up to 85% of loans under $150,000, this support is crucial for the financial stability of small businesses, which make up 46.4% of private sector employees and have generated 62.7% of net new jobs since 1995.
At Matchbooks, we understand the evolving financial challenges and opportunities facing small businesses today. We believe it’s time for the SBA to adjust its loan limit to $10 million to reflect current economic realities, ensuring small businesses continue to thrive and contribute significantly to the economy.