CUNA is concerned about a proposed increase in fees related to the Small Business Administration’s 7(a) program, particularly since it believes it could come with unintended consequences to small business borrowers.

CUNA is concerned about several recently proposed changes to the Small Business Administration’s regulations pertaining to Express Loans and Affiliation Standards. CUNA sent a letter to the SBA Tuesday on the proposal.

CUNA participated in a roundtable Thursday led by the Small Business Administration's Office of Advocacy to discuss the latest Bureau of Consumer Financial Protection rulemaking agenda, which was released last month.

The House passed the CUNA-supported Small Business 7(a) Lending Oversight Reform Act Tuesday by a voice vote. It would enhance accessibility of capital available under the Small Business Administration’s 7(a) loan program.

The Small Business Administration’s 7(a) loan program is authorized for a total of $26.5 billion in fiscal year 2016, an increase of $8 billion, per the government funding bill that was signed into law last week by President Barack Obama.

In only its first year with a Small Business Administration lending program, HawaiiUSA FCU of Honolulu has been named a top SBA lender for fiscal year 2015.

The Small Business Administration and CUNA Strategic Services strategic alliance provider Agility Recovery have teamed up to host a webinar on preparing small businesses for winter weather threats.

The U.S. House voted Monday night to raise the cap on the Small Business Administration’s 7(a) program, which combined with a Senate vote last week, allows the SBA to begin lending again.

The Small Business Administration reached its 7(a) lending limit for fiscal year 2015 Sunday, meaning the 7(a) program is suspended until it is reauthorized for additional funds by Congress, or until its new appropriation takes effect Oct. 1.

With U.S. Small Business Administration (SBA) 7(a) loans up 20% through July over last year, the agency is rapidly approaching its lending limit for the year.