Community Advantage Loans

Community Advantage (CA) is a pilot loan program introduced by the U.S. Small Business Administration (SBA) to meet the credit, management, and technical assistance needs of small businesses in underserved markets. CA provides mission-oriented lenders, primarily nonprofit financial intermediaries focused on economic development, access to 7(a) loan guaranties for loans of $250,000 or less. SBA’s goals for CA are to:

  • Increase access to credit for small businesses located in underserved areas;
  • Expand points of access to the SBA 7(a) loan program by allowing non-traditional, mission-oriented lenders to participate;
  • Provide Management and Technical Assistance (M&TA) to small businesses as needed; and
  • Manage portfolio risk.

 To apply for a loan, contact Mountain West Small Business Finance at 801-474-3232.  Website: https://mwsbf.com