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ICBA expresses concern over proposed end of SBA moratorium
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Banking, Government Oversight
Friday, January 6, 2023
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The Independent Community Bankers of America sent a comment letter to the Small Business Administration (SBA) urging it to maintain its long-standing moratorium on the number of non-federally regulated, non-depository institutions that can make loans under its 7(a) program.
The 7(a) loan program is SBA’s most popular loan program for small businesses, but also significantly caps the number of non-federally regulated, non-depository institutions which may make these loans.
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