SBA Announces Biden-Harris Administration’s Progress in Small Business Lending with End-of-Year Capital Program Numbers
… in its microloan program, as well as its flagship 7(a) Loan Program — the agency’s primary vehicle for providing … businesses and, in FY23, delivered a record amount of loan dollars to Latino-owned small businesses. And, after … businesses in FY23. In total, nearly 70% of the SBA’s 7(a) loan volume (more than 39,000 loans) were small-dollar loans …