SBA announces new round of loan funding

WASHINGTON, D.C. – The Intermediary Lending Pilot Program which provided long-term loans to eligible non-profit intermediary lenders to finance their lending to small businesses, has opened a second competitive application period.

As a result, small businesses, especially those in underserved markets looking for loans up to $200,000 will soon have access to twice as many community-based funding sources under the U.S. Small Business Administration Program.

“Providing small businesses with the financial resources they need to start, grow and succeed is at the core of SBA’s mission,” said SBA Administrator Karen Mills. “The first round of the Intermediary Lending Pilot Program showed that we are on the right tract, and now we are expanding it.”

For more information on the program, e-mail ilpp@sba.gov.

 

 

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