04/08/2019
https://congress.gov...
"In 2023, this program alone lent over $27 billion to main street businesses."
"It is very important that there are guardrails in place to businesses that get these loans."
"The SBA is supposed to be the lender of last resort and not compete with the private sector."
"Now, when the SBA changed the 7a lending rules, Members of this committee repeatedly voice their concerns that changing the underwriting standards would lead to increased default rates."