U.S. Small Business Administration (SBA) is launching a new 7(a) Working Capital Pilot Program (Effective August 1, 2024) , designed to provide small businesses with a more flexible line of credit compared to traditional term loans. This program will offer a newly structured line of credit, made by 7(a) lenders and backed by the SBA, with an innovative fee structure that reduces the cost of loans with shorter maturities.
The program aims to support small businesses in pursuing growth opportunities and creating jobs, particularly in a higher interest rate environment. It represents a significant expansion of the SBA’s loan programs, providing more options for structuring a line of credit to meet specific business needs.
*Use SBA’s #LenderMatch tool 
https://tinyurl.com/SBALenderMatchTool to be matched with a participating SBA lender that can provide you with funding at competitive rates and fees.
https://tinyurl.com/SBALenderMatchTool to be matched with a participating SBA lender that can provide you with funding at competitive rates and fees.For more information on the 7(a) Working Capital Pilot Program please https://www.sba.gov/funding-programs/loans/7a-loans.
