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SBA Reinstates Lender Fees to Rescue Struggling 7(a) Loan Program

Summary by MyChesCo
WASHINGTON, D.C. — The U.S. Small Business Administration (SBA) has announced the reinstatement of lender fees for its 7(a) loan program, signaling a critical shift in policy aimed at restoring the financial integrity of the flagship lending initiative. This decision comes after Biden-era changes, which eliminated lender fees and introduced looser underwriting standards, resulted in significant financial strain on the program. The SBA’s 7(a) loa…
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MyChesCoMyChesCo

SBA Reinstates Lender Fees to Rescue Struggling 7(a) Loan Program

WASHINGTON, D.C. — The U.S. Small Business Administration (SBA) has announced the reinstatement of lender fees for its 7(a) loan program, signaling a critical shift in policy aimed at restoring the financial integrity of the flagship lending initiative. This decision comes after Biden-era changes, which eliminated lender fees and introduced looser underwriting standards, resulted in significant financial strain on the program. The SBA’s 7(a) loa…

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ecnetnews.comecnetnews.com

SBA Reinstates Lender Fees to Enhance Financial Integrity of 7(a) Loan Program

The U.S. Small Business Administration (SBA) has reinstated lender fees for its 7(a) loan program, marking a significant turnaround from previous policies that contributed to financial instability and compromised the program’s zero-subsidy requirement. This announcement aligns with the SBA’s broader initiative to rectify what it identified as severe financial mismanagement. “Since its launch, the SBA’s 7(a) loan program has empowered millions of…

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Small Business TrendsSmall Business Trends

SBA Reinstates Lender Fees to Restore Financial Integrity of 7(a) Loan Program

The U.S. Small Business Administration (SBA) has reinstated lender fees for its 7(a) loan program, reversing a Biden-era policy that the agency said contributed to financial instability and undermined the program’s zero-subsidy requirement. The action was announced Thursday as part of a broader effort to address what the SBA described as “gross financial mismanagement” under the previous administration. “Since its inception, the SBA’s 7(a) loan …

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Small Business Trends broke the news in on Saturday, March 29, 2025.
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