Small Business Majority Submits Comment to the Federal Register on SBLC
Date:
Wednesday, January 4, 2023
Today, John Arensmeyer, Founder & CEO, submitted a comment to the Federal Register regarding the U.S. Small Business Administration's Small Business Lending Moratorium Recission and Removal of the Requirement for a Loan Authorization proposed rule. The Agency’s attempt to increase access to capital for minority and other under-resourced entrepreneurs is admirable, but the rules are not clear enough and do not properly address the process by which new licensees will be chosen nor the standards they will be held to. We offer recommendations to address this and ensure small businesses can search for capital safely.