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DATE: September 16, 2014, ITEM: 7. A. RE: CONSIDERATION AND ADOPTION OF A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY APPROVING AN AMENDMENT TO THE PURCHASE
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7(a) housing authority refers to a specific type of loan program offered by the Small Business Administration (SBA) to help small businesses obtain financing.
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The purpose of 7(a) housing authority loans is to provide small businesses with access to financing that they may not be able to obtain through traditional lending channels.
The information required for 7(a) housing authority applications includes details about the business, its owners, financial information, credit history, and collateral.
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