SBA is offering two webinars to provide information for entities interested in applying for new Small Business Lending Company (SBLC) licenses. The sessions will take place on Tuesday, June 20, 2023 (1:00 -1:45 PM ET) and June 21, 2023 (12:30 -1:15 PM ET).
For background information, please see the Final Rule on Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization (88 FR 21890), effective May 12, 2023, and the Federal Register Notice, Small Business Lending Company Application Process (88 FR 32623), effective June 1, 2023.
Per the Final Rule and additional implementing guidance, SBA began accepting applications for the new “regular” SBLC licenses on June 1, 2023 and the application period will close on July 31, 2023. The Agency’s intent is to select up to three new SBLCs by this fall.
Please note that this selection process relates only to regular SBLCs. SBA has indicated that it is not accepting applications for Community Advantage SBLCs (CA SBLCs) at this time, but that qualified entities may continue to apply for CA Pilot Program lender authority until September 30, 2023.
