New SBA loan rules spark debate among politicians, lenders

Sam Wood

05/12/2023

WAITING GAME: Jeffrey Cascione, senior vice president in charge of commercial lending at Navigant Credit Union, is eagerly awaiting the details of the U.S. Small Business Administration opening its flagship loan programs to financial technology companies. PBN PHOTO/MICHAEL SALERNO

Impending changes at the U.S. Small Business Administration are stirring up whirlwinds of controversy – in Rhode Island and in Washington, D.C. – as the federal agency adopts new rules that will govern how it runs its lending network. SBA Administrator Isabella Casillas Guzman has stated repeatedly that the Biden administration wants to increase lending

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