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New To You?Did ya hear the one about the lesser-known SBA loan program?

ByDoug Hood•

Opinions expressed by Entrepreneur contributors are their own.

Q:Abusiness associate told me about a new government-guaranteed loanprogram available with a fixed rate, and that it was separate fromthe SBA. Are you aware of a such a program?

A:Iwasn't aware of any new government-guaranteed lending programs,but to make sure, I made a few phone calls and checked the SBA Website (www.sba.gov). As Isuspected, I found nothing; however, I think your friend isreferring to the lesser-known SBA 504 program.

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