SBA: Community Advantage Pilot Program Temporary Changes-Community Advantage Recovery Loans

The Small Business Administration is requesting comments on changes it has made to the Community Advantage Pilot Program to increase SBA-guaranteed loans to small businesses in underserved areas, specifically the Community Advantage Recovery Loans (CA Recovery Loans). Through this program CA lenders will provide technical and financial assistance to small businesses in underserved areas that need to make changes to their business models to adapt to the COVID-19 environment and to build resiliency against future disruptions. These changes are effective on July 15, 2020 and comments are due August 14, 2020.
Source: Federal Register updates via the Rural Assistance Center - Category: Rural Health Source Type: news