ICBA told the SBA it should continue partnering with community banks rather than attempting to remove them from the loan origination process.
Details: In a comment letter on the agency’s fiscal 2022-2026 strategic plan and Enterprise Learning Agenda, ICBA said:
The Enterprise Learning Agenda fails to cite the key role of community banks in SBA's lending activities.
The agency should revise its strategic plan and ELA to highlight community banks’ critical role in SBA lending to communities without other market lending options.
Community banks have continually served an integral role in supporting the SBA's lending programs, including 7(a), 504, and the Paycheck Protection Program.
It opposes efforts to authorize SBA to issue 7(a) loans directly.
Removing community banks from the SBA lending process would harm them and the communities they serve.