Loan Requirements news and trends

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SBA to Debut Changes to Boost Small Business Access to Credit

July 31, 2023
Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements, more widespread automation and an expansion of the number of nonbank lenders that are licensed to issue Small Business Administration (SBA) loans, The Wall Street Journal (WSJ) reported Monday (July […]