Citing an elevated default rate, the Small Business Administration is curbing the program designed to expand capital access.

The Small Business Administration is implementing a freeze on new Community Advantage lenders, citing a surge in problem ...

The Small Business Administration is clamping down on its Community Advantage loan program, barring new lenders and raising capital reserve requirements for existing ones, Inc. reports.   Designed to ...

The program is the latest target for the Trump administration's SBA as the agency revamps its lending practices. Where home prices climbed the most in Q1 An AI boss? These workers wouldn't mind it.

The Community Advantage loan program reduces risk for lenders by guaranteeing 85 percent of the balance for loans between $50,000 and $150,000 and 75 percent for loans in the $150,000 to $250,000 ...

Championed by former SBA administrator Steven Preston, now the secretary of Housing and Urban Development, the Small/Rural Lender Advantage program was established to win back the hundreds of ...

Like other SBA loans, funds can be used for a range of business purposes but may not be used to repay existing debts or to purchase real estate. The SBA’s Community Advantage program is aimed at ...

Of note is the Community Advantage Loan Program Act of 2023, a bill that seeks to codify the Community Advantage pilot loan program, which has been in pilot mode since its launch in 2011.

The SBA Community Advantage loan program, which was designed to provide funding to underserved business owners, including veterans, was discontinued on Oct. 31, 2023. However, lenders that were ...