SBA Accepting Small Business Lending Company License Applications
A window is now open by the U.S. Small Business Administration for new applications for Small Business Lending Company licenses for the first time in over 40 years. New applicants may apply between between now and July 31. SBA approves Small Business Lending Company Licenses for selected non-depository lenders to increase responsible small business lending. An SBLC license allows the lending organization to utilize government guarantees when underwriting small business…