{"id":47456,"date":"2023-05-03T13:37:58","date_gmt":"2023-05-03T17:37:58","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=47456"},"modified":"2023-05-03T13:37:58","modified_gmt":"2023-05-03T17:37:58","slug":"sba-expands-its-lending-programs","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/","title":{"rendered":"SBA Expands Its Lending Programs"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;47457&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]It can be argued that small businesses are the lifeblood of the American economy. President Biden has long touted his <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/03\/31\/state-fact-sheets-how-president-bidens-investing-in-america-agenda-is-delivering-for-americans-in-all-50-states\/\" class=\"broken_link\">Investing in America<\/a> Agenda as a way to create \u201cgood-paying jobs, including union jobs and jobs that don\u2019t require a four-year degree in industries that will boost U.S. competitiveness, rebuild infrastructure, strengthen supply chains, and help build a clean energy economy.\u201d As a result, we\u2019ve seen tremendous growth in the U.S. with the creation of over 12 million jobs and 10.5 million new small business applications. This is great news for a lot of small business owners out there, but issues persist for those in underserved communities. <a href=\"https:\/\/www.sba.gov\/article\/2023\/04\/12\/us-small-business-administration-implements-rules-address-persistent-capital\">According to the SBA\u2019s website<\/a>, \u201cIn 2022, two out of three business owners who sought credit did not receive what they needed. The number of lenders that originated SBA\u2019s 7(a) loans under $50,000 and $150,000 decreased by over 40% and 25%, respectively, for the past five to seven years.\u201d<\/p>\n<p><strong>The Background<\/strong><\/p>\n<p>There is currently a moratorium that caps the amount of lenders allowed to participate in the SBA\u2019s \u00a7 7(a) loan program. For the last four decades, there has been a moratorium that caps the number of <a href=\"https:\/\/www.govinfo.gov\/content\/pkg\/CFR-2002-title13-vol1\/xml\/CFR-2002-title13-vol1-sec120-470.xml\">Small Business Lending Companies<\/a> (SBLCs) that can be licensed by the SBA\u2014the cap has held steady at 14 since 1982.<\/p>\n<p><strong>The Ruling<\/strong><\/p>\n<p>Armed with this new data on business owners unable to access capital, the White House determined a need to increase the number of lenders permitted to offer SBA-backed loans. More lending options will allow small business owners to grow in a way they haven\u2019t been able to in the past\u2014especially those in underserved communities. In April, the SBA announced it would end this moratorium and expand the number of SBLC licenses. This rule will \u201callow for additional licensees, enabling them to make loans to small-dollar borrowers with government guarantees, reducing risks and broadening opportunities\u201d <a href=\"https:\/\/www.sba.gov\/article\/2023\/04\/12\/us-small-business-administration-implements-rules-address-persistent-capital\">per the SBA website<\/a>. This new ruling will go into effect on May 12, 2023.<\/p>\n<p>To further increase the number of credit-worthy small businesses that can access loans from the SBA, the SBA is also updating the lending criteria for its 7(a) and 504 loan programs and limiting the red tape lenders must navigate. It will do this by letting lenders make loan decisions according to their existing policies for non-SBA loans of a comparable size, offering more flexibility for loans under $150,000, reducing the paperwork lenders have to tackle, and clarifying who qualifies for an SBA loan.<\/p>\n<p>With these rulings in place, the hope is that minority-owned businesses that need access to capital are able to get their hands on the funding that can help them succeed. Follow us over on <a href=\"https:\/\/www.arffinancial.com\/development\/blog\/?urlsource=blog\">the Financial Pantry<\/a> for the latest updates on all things small business, including new regulations, marketing tips, financial offers, and more.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;47457&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]It can be argued that small businesses&#8230;<\/p>\n","protected":false},"author":5,"featured_media":47457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[956,698],"tags":[398,402,400,399,443,386,535,220,213,944,943,1077,401,224,222,172,226,142],"class_list":{"0":"post-47456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal","8":"category-small-business-financing","9":"tag-affordable-business-loans","10":"tag-affordable-small-business-growth","11":"tag-business-expansion","12":"tag-business-growth","13":"tag-business-line-of-credit","14":"tag-business-loans","15":"tag-equipment-leasing","16":"tag-flex-pay-loans","17":"tag-line-of-credit","18":"tag-marketing","19":"tag-operations","20":"tag-sba-expands-its-lending-programs","21":"tag-small-business-expansion","22":"tag-small-business-financing","23":"tag-small-business-funding","24":"tag-small-business-growth","25":"tag-small-business-loans","26":"tag-working-capital"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBA Expands Its Lending Programs - ARF Financial<\/title>\n<meta name=\"description\" content=\"SBA Expands Its Lending Programs-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBA Expands Its Lending Programs - ARF Financial\" \/>\n<meta property=\"og:description\" content=\"SBA Expands Its Lending Programs-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\" \/>\n<meta property=\"og:site_name\" content=\"ARF Financial\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T17:37:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"920\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Whited\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Whited\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\"},\"author\":{\"name\":\"Robert Whited\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc\"},\"headline\":\"SBA Expands Its Lending Programs\",\"datePublished\":\"2023-05-03T17:37:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\"},\"wordCount\":495,\"publisher\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg\",\"keywords\":[\"affordable business loans\",\"affordable small business growth\",\"business expansion\",\"business growth\",\"business line of credit\",\"business loans\",\"equipment leasing\",\"flex pay loans\",\"line of credit\",\"Marketing\",\"Operations\",\"SBA Expands Its Lending Programs\",\"small business expansion\",\"small business financing\",\"small business funding\",\"small business growth\",\"small business loans\",\"working capital\"],\"articleSection\":[\"Legal\",\"Small Business Financing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\",\"url\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\",\"name\":\"SBA Expands Its Lending Programs - ARF Financial\",\"isPartOf\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg\",\"datePublished\":\"2023-05-03T17:37:58+00:00\",\"description\":\"SBA Expands Its Lending Programs-\",\"breadcrumb\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage\",\"url\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg\",\"contentUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg\",\"width\":920,\"height\":420,\"caption\":\"SBA Expands Its Lending Programs\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.arffinancial.com\/development\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SBA Expands Its Lending Programs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#website\",\"url\":\"https:\/\/www.arffinancial.com\/development\/\",\"name\":\"ARF Financial\",\"description\":\"Businesses Bank on Us\",\"publisher\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.arffinancial.com\/development\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\",\"name\":\"ARF Financial LLC\",\"url\":\"https:\/\/www.arffinancial.com\/development\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png\",\"contentUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png\",\"width\":792,\"height\":612,\"caption\":\"ARF Financial LLC\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc\",\"name\":\"Robert Whited\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g\",\"caption\":\"Robert Whited\"},\"url\":\"https:\/\/www.arffinancial.com\/development\/author\/robert\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBA Expands Its Lending Programs - ARF Financial","description":"SBA Expands Its Lending Programs-","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/","og_locale":"en_US","og_type":"article","og_title":"SBA Expands Its Lending Programs - ARF Financial","og_description":"SBA Expands Its Lending Programs-","og_url":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/","og_site_name":"ARF Financial","article_published_time":"2023-05-03T17:37:58+00:00","og_image":[{"width":920,"height":420,"url":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg","type":"image\/jpeg"}],"author":"Robert Whited","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robert Whited","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#article","isPartOf":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/"},"author":{"name":"Robert Whited","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc"},"headline":"SBA Expands Its Lending Programs","datePublished":"2023-05-03T17:37:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/"},"wordCount":495,"publisher":{"@id":"https:\/\/www.arffinancial.com\/development\/#organization"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg","keywords":["affordable business loans","affordable small business growth","business expansion","business growth","business line of credit","business loans","equipment leasing","flex pay loans","line of credit","Marketing","Operations","SBA Expands Its Lending Programs","small business expansion","small business financing","small business funding","small business growth","small business loans","working capital"],"articleSection":["Legal","Small Business Financing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/","url":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/","name":"SBA Expands Its Lending Programs - ARF Financial","isPartOf":{"@id":"https:\/\/www.arffinancial.com\/development\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg","datePublished":"2023-05-03T17:37:58+00:00","description":"SBA Expands Its Lending Programs-","breadcrumb":{"@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#primaryimage","url":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg","contentUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2023\/05\/ARF-Post-05052023.jpg","width":920,"height":420,"caption":"SBA Expands Its Lending Programs"},{"@type":"BreadcrumbList","@id":"https:\/\/www.arffinancial.com\/development\/sba-expands-its-lending-programs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.arffinancial.com\/development\/"},{"@type":"ListItem","position":2,"name":"SBA Expands Its Lending Programs"}]},{"@type":"WebSite","@id":"https:\/\/www.arffinancial.com\/development\/#website","url":"https:\/\/www.arffinancial.com\/development\/","name":"ARF Financial","description":"Businesses Bank on Us","publisher":{"@id":"https:\/\/www.arffinancial.com\/development\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.arffinancial.com\/development\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.arffinancial.com\/development\/#organization","name":"ARF Financial LLC","url":"https:\/\/www.arffinancial.com\/development\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/","url":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png","contentUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png","width":792,"height":612,"caption":"ARF Financial LLC"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc","name":"Robert Whited","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g","caption":"Robert Whited"},"url":"https:\/\/www.arffinancial.com\/development\/author\/robert\/"}]}},"menu_order":0,"_links":{"self":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/47456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/comments?post=47456"}],"version-history":[{"count":1,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/47456\/revisions"}],"predecessor-version":[{"id":47458,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/47456\/revisions\/47458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/media\/47457"}],"wp:attachment":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/media?parent=47456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/categories?post=47456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/tags?post=47456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}