BizSugar.com › News › Priming the Lending Pump for Small Business: SLA 2.0

Studies have shown the importance of low dollar loans to small business formation and growth in underserved communities. However, low-dollar loans can be costly to lenders- processing a $50,000 loan costs nearly as much as processing a $1 million loan with less profit. Last year, in an effort to encourage more small-dollar lending in underserved communities, SBA rolled out a new program called Small Loan Advantage (SLA). Today, taking into account feedback from our lending partners, SBA is re-launching the Small Loan Advantage program as SLA 2.0