News & Events

Administrator Isabel Guzman, at the helm of the U.S. Small Business Administration (SBA) and the advocate for America’s 33 million small businesses in President Biden’s Cabinet, has announced a significant development. The SBA has now permanently established its mission-lending Community Advantage Program, thanks to recent rule changes and the introduction of 143 Community Advantage Small Business Lending Companies (CA SBLCs). This move secures a permanent role for mission-based lenders in SBA lending, enabling them to continue serving small businesses in underserved markets, building upon the success of the Community Advantage Pilot Program spanning more than a decade.