BusinessWeek Interviews Liberty SBF CEO, Alex Cohen, About SBA, Shutdown

October 9, 2013

Our CEO, Alex Cohen, talked to a Bloomberg BusinessWeek reporter recently about the Government shutdown and potential hazards for SBA lending if it lasts.

In the article, Alex pointed out that one of the consequences of a prolonged shutdown of the SBA is that 504 loans used to purchase real estate might cause contract headaches.

“If your financing doesn’t close, you’ve breached your purchase agreement,” he is quoted in the article.

To read the full story by Patrick Clark on the Bloomberg BusinessWeek website click here.