Proposed Expansion of SBA’s Microloan Program

Proposed expansion of SBA's Microloan Program that covers loans of $50,000 or less to businesses that assist women, low income, veteran, and minority entrepreneurs (et al) in financial assistance. Proposal would expand program to credit unions, allow loans to businesses with an associate who is on probation or parole, ease deposit requirements and require minimum levels of performance for intermediaries. [3/17]