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:
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The Enterprise Learning Agenda fails to cite the key role of community banks in SBA's lending activities.
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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.
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Community banks have continually served an integral role in supporting the SBA's lending programs, including 7(a), 504, and the Paycheck Protection Program.
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It opposes efforts to authorize SBA to issue 7(a) loans directly.
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Removing community banks from the SBA lending process would harm them and the communities they serve.