SBA to Oversee Vast Lending Program Under Federal Economic Stimulus Plan


WASHINGTON—The $2 trillion stimulus package moving through Congress would allocate roughly $350 billion to guarantee loans for small businesses, a provision aimed at helping a vital sector of the economy but which could also test the ability of the Small Business Administration and the nation’s lenders to get money quickly to affected companies.

Small technology companies and other startups funded by venture-capital partnerships, meanwhile, fear they may not be eligible for loans under the draft guidelines.