Applications for New SBLC & Community Advantage SBLC Licenses are Open

September 11, 2024

Delaney Sexton
Contributing Editor

Applications for New SBLC & Community Advantage SBLC Licenses are Open

For SBLC licenses, SBA is accepting applications through October 15th. SBA will award up to three additional licenses during this round. The SBA will consider an applicant’s ability to fill market gaps in lending to underserved communities and underrepresented entrepreneurs, as well as lending that helps small businesses reduce greenhouse gas emissions or adapt to climate change.

For Community Advantage SBLC licenses, applications will be accepted through December 20th. There is no limit to the number of new CA SBLC licenses that can be awarded. To receive a CA SBLC license, you must make 60% or more of your loans within underserved markets.

The SBA is hosting virtual public information sessions for organizations interested in learning more. Meetings are recorded, and attendance will remain confidential:

  • The first session is for prospective SBLCs:
  • The second session is for prospective CA SBLCs:

Source:
SBA Press Release