The Small Business Administration finalized changes to its 7(a) and 504 loan programs, changes CUNA believes will ultimately harm the borrowers the SBA intends to aid. CUNA wrote to SBA leadership and Congress in recent months calling for the proposals to be withdrawn.

Proposals from the Small Business Administration would make “detrimental shifts” in the SBA’s 7(a) lending program, CUNA and other organizations wrote to House and Senate Small Business Committee leadership.

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