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Securing a Small Business Administration loan has gotten a little easier. As of Aug. 1, the SBA has simplified loan requirements, making it more feasible for financial technology firms to participate while broadening the scope of licensed nonbank lenders issuing SBA loans. The idea is to drive a more inclusive and resilient economy by making capital more accessible to rural and minority-owned small businesses.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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