White House Reiterates Support for Lifting the SBLC Moratorium

Now that the opportunity to comment on the SBA’s proposal to lift the moratorium on new SBLCs has passed, the Biden administration has reiterated its support for the initiative. It convened a roundtable with leaders across the small business space on Tuesday “to discuss its commitment to ensuring small businesses have the access to the capital, technical assistance, and support they need to thrive.”

The administration said that if the moratorium is lifted, the “SBA would plan to add three licenses in the initial extension” and that “it would open a path for the Community Advantage program to become permanent.”

The SBA received 169 official comments on the proposal, some in support and some against.