Joint Trades Letter to House Small Business Committee Chairman and Ranking Member on SBA’s 7(a) Loan Program
The Financial Technology Association (FTA) joined a group of trade associations in calling on Congress not to move forward with legislation that would limit competition and impede access to capital for small businesses.
In a letter to the House Small Business Committee, FTA and other trades urged Congress to leave in place SBA’s news rules for loans under $500,000 and reduce costs and complexity for lenders, among other suggestions.
“Supporting small businesses is our business and our members stand ready to assist in ensuring that access to capital is expanded and the SBA’s 7(a) program reaches those that truly need it,” the trade associations wrote.
FTA previously expressed support for the Small Business Administration (SBA)’s effort to expand the 7(a) program to ensure small businesses can take advantage of innovative financial tools and technology when they need to access capital.
Joint Trades Letter to House Small Business Committee Chairman and Ranking Member on SBA’s 7(a) Loan Program
The Financial Technology Association (FTA) joined a group of trade associations in calling on Congress not to move forward with legislation that would limit competition and impede access to capital for small businesses.
In a letter to the House Small Business Committee, FTA and other trades urged Congress to leave in place SBA’s news rules for loans under $500,000 and reduce costs and complexity for lenders, among other suggestions.
“Supporting small businesses is our business and our members stand ready to assist in ensuring that access to capital is expanded and the SBA’s 7(a) program reaches those that truly need it,” the trade associations wrote.
FTA previously expressed support for the Small Business Administration (SBA)’s effort to expand the 7(a) program to ensure small businesses can take advantage of innovative financial tools and technology when they need to access capital.
Read the full letter to Congress here.