Why is there no “cash-out” provision, as allowed for in the Small Business Jobs Act?
The Small Business Jobs Act authorizes SBA to provide funding to small businesses for additional business expenses not originally part of the debt being refinanced (the “cash-out” provision). In order to operationalize this program as quickly as possible, however, SBA decided to move forward with the refinancing component of the program while seeking additional input on how best to operate the cash-out provision.
