Letter to SBA: Advocacy Submits Comments on Proposed Rulemaking on Express Loan Programs; Affiliation Standards
The Office of Advocacy of the U.S. Small Business Administration (Advocacy) submits these comments on the Small Business Administration’s (SBA) proposed rulemaking on Express Loan Programs; Affiliation Standards. Advocacy is concerned that the proposed fee caps, personal resources test and affiliation rules may be burdensome to small financial institutions and may interfere with small business access to credit. Advocacy encourages SBA to perform additional business outreach with the industries that may be impacted by the proposal to determine the best way to implement changes that will achieve SBA’s goals without being unduly burdensome.