SBA finalizes rule to open flagship 7(a) program to fintechs

A 40-year-old limit of just 14 nondepository 7(a) lenders is set to expire May 12 despite concerns by lawmakers and opposition from banks and credit unions.

Related Keywords

United States , American , America , Americans , Isabella Casillas Guzman , Dan Berger , Joni Ernst , Rebeca Romero Rainey , Ben Cardin , Kyle Grillot Bloomberg , Isabel Casillas Guzman , Rob Nichols , Paycheck Protection Program , American Bankers Association , Community Bankers Of America , Senate Small Business Committee , Small Business Administration , American Bankers Association President , Protection Program , National Association , Federally Insured Credit Unions President , Independent Community Bankers , Romero Rainey , House Select Subcommittee , Coronavirus Crisis , Small Business Banking , Sba , Fintech ,