Small Business Majority submits statement for the record addressing challenges posed by recent changes to SBA loan guidelines

On September 16, Small Business Majority submitted a statement for the record in response to a U.S. House Committee on Small Business hearing titled “Pathway to Capital: The Role of SBA Lending in Supporting Main Street America.” The statement details how recent changes made by the U.S. Small Business Administration (SBA) to the guidelines governing their flagship loan programs, which increase the cost of SBA loans and place new restrictions on loan eligibility, have created additional, unnecessary barriers to affordable and responsible capital for small businesses.