SBA is reactivating the Recovery Loan Queues on October 4, 2010.

As the availability of Small Business Jobs Act funds is close to being exhausted, small business owners (as well as lenders) will need to decide whether to apply for a new Small Business Jobs Act loan (or increase to a previously approved Small Business Jobs Act loan) and enter the Recovery Loan Queue to await the availability of funds, or to apply for a non- Small Business Jobs Act loan with all applicable fees and lower guaranty levels. The information provided below will help in the decision-making process and includes information on those loans currently in the Recovery Loan Queue and information on funds available via the Transition Phase Alert system.  (How to withdraw your Small Business Jobs Act application and re-submit it as a non-Recovery Act application.)