SBA ISSUES NEW RULES for COMMUNITY ADVANTAGE – On September 12, 2018 the SBA issued a Notice in the Federal Register extending the CA pilot through September 2022, placing a moratorium on accepting new lenders into the pilot, and announcing changes to the CA rules. The new CA rules took effect on October 1, 2018 and SBA has requested that comments on the Notice be submitted on or before November 13, 2018.  https://www.regulations.gov/document?D=SBA-2018-0008-0001

SBA COMMUNITY ADVANTAGE ACTIVITY REhttp://SBA Notice 2018-0008PORTS –  The SBA released information showing how CA lending has  increased from 2012 to 2017 incluhttps://www.regulations.gov/document?D=SBA-2018-0008-0001ding an 18% increase in dollars lent and 10% increase in loans made between April 2016 and April 2017.CA lending 2011-2017

COMMUNITY ADVANTAGE FACT SHEETS – The Mission Lenders Working Group developed a basic fact sheet on the CA loan guarantee pilot including a chart that highlights key similarities and differences between the 7(a) and the CA loan guarantees. Click here to view CA Fact Sheet and 7(a)Comparison Chart

 

SBA COMMUNITY ADVANTAGE (CA) PARTICIPANT GUIDE 4.0  – On December 28, 2015, the SBA issued its most recent guidance for mission lenders participating in the CA Pilot as well as information for prospective CA lenders.  CA-Participant-Guide-4-December-28-2015 %281%29 (1)

 

MISSION LENDERS WORKING GROUP COMMENTS – On February 26, 2016, the Mission Lenders Working Group submitted a letter to the SBA with comments and recommendations aimed at strengthening  and streamlining the CA loan guarantee. CA Comment Letter – ML Working Group