The Small Business Administration is implementing a freeze on new Community Advantage lenders, citing a surge in problem loans. The program grew during the previous administration as part of a push to ...

Through the Community Advantage program, the SBA in recent years had licensed a variety of lenders to issue smaller loan amounts through its 7 (a) program as part of a bid to reach underserved ...

The agency's move — branded as the SBA's Green Lender Initiative — targets its Community Advantage program, the mission-driven component of the SBA's prime 7 (a) loan program. The agency is ...

Under the Community Advantage Program, Black business owners receive 23% of SBA Community Advantage funding compared to 4% of traditional SBA 7 (a) loans; Hispanic business owners receive 13% of ...

“They fill gaps, they level the playing field,” Markey said, observing that the Community Advantage program in fiscal year 2024 provided 53% of loans to start-ups and 43% of loans to ...

Expert in the U.S. Small Business Administration’s Community Advantage/CA-SBLC loan program for small business owners ...