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Small Business Center

Easier Access to Capital for Rural and Minority-Owned Small Businesses

August 9, 2023

Securing a Small Business Administration loan has gotten a little easier. As of Aug. 1, the SBA has simplified loan requirements, making it more feasible for financial technology firms to participate while broadening the scope of licensed nonbank lenders issuing SBA loans. The idea is to drive a more inclusive and resilient economy by making capital more accessible to rural and minority-owned small businesses.

Read more about the changes in Insider.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.

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