SBA Chief Loeffler Calls to Raise $5M Lending Limit
Small Business Administration head Kelly Loeffler advocates for doubling the SBA small business loan cap to $10 million, emphasizing the need for increased access to capital for manufacturing and growth. She attributes recent declines in SBA loans mainly to government shutdowns and criticizes lax underwriting standards during the Biden administration, which she says led to higher default risks. Loeffler also highlights efforts to improve fraud prevention, support business succession planning, and promote the use of artificial intelligence for entrepreneurs.
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