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Committee on Small Business Hearing Raises Serious Concerns Over the SBA's Changes to the 7(a) Lending Program

Press Release

Date: May 10, 2023
Location: Washington, DC
Issues: Finance and Banking Legislative Branch

"Today's hearing did nothing to assuage our concerns over the Small Business Administration's reckless rule changes to their 7(a) Loan Program which will reduce underwriting standards and add more risk of a taxpayer-funded bailout of the program. My colleagues and I are committed to protecting the integrity of the SBA's flagship program while fighting to ensure taxpayers won't be the ones left holding the bag should these risky loans go bad."


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