ICBA, Coalition to Congress: Avoid 7(a) Shutdown

Sep 03, 2019
ICBA and other members of the Small Business Access to Capital Coalition called on key members of Congress to help avoid an Oct. 1 shutdown of the Small Business Administration's 7(a) loan program.

In a joint letter to lead congressional appropriators, the groups said the Office of Management and Budget needs to correct flawed subsidy calculations that drive up the cost of 7(a) loans and put the program at risk of a shutdown at the end of this month.

Read the Letter