SBA Administrator Guzman Opens Application Window for Lenders Filling Gaps in Credit Markets
… 7(a) loans with SBA backing. Leveraging the SBA’s 7(a) loan program, these lending companies use private capital to lend to small businesses with the SBA guaranteeing the loan. This guaranty allows lenders to reach the underserved … Guzman announced the expansion of the CA SBLC loan maximum up to $500,000 for active lenders, and the …