SBA · other · Published 2024-07-15 · Effective 2024-08-01 · 89 FR 57353
Document
Document number
2024-15313
Federal Register citation
89 FR 57353
CFR reference
13 CFR 120
Type
Rule
Action
Notification of pilot program and request for comments.
Category
other
Agency
US Small Business Administration
Publication date
2024-07-15
Effective date
2024-08-01
Docket
Agency Docket Number: SBA-2024-0005
Abstract
SBA is introducing a new pilot loan program within the 7(a) Loan Program called "7(a) Working Capital Pilot" (WCP) to provide SBA 7(a) guaranteed lines of credit up to $5 million that may be used to support domestic and international transactions with SBA fees due from the Lender that operate as a function of time, charging a proportional amount for each year the facility is in use.