Join SBA’s New Small Business Lending Advisory Council
April 10, 2024
Delaney Sexton
Contributing Editor
Join SBA’s New Small Business Lending Advisory Council
On Monday, a notice was published in the Federal Register about the establishment of the Small Business Lending Advisory Council. It is being created to better institutionalize feedback between the SBA and the small business lending ecosystem according to the 7(a) Connect Quarterly Update.
The Lending Council will provide information, advice, and recommendations on facilitating greater access and availability of capital for small businesses, especially in underserved communities, so SBA may better serve America’s small businesses and empower the lenders that play a crucial role in their success.
There will be no more than 25 members appointed by the SBA Administrator.
Nominations will be accepted on a rolling basis beginning April 8, 2024 through May 10, 2024. Members will include small businesses, active SBA lenders, lenders outside the SBA network, community leaders, and members of government.
All nominations should be emailed to LendingCouncil@sba.gov with the subject line 2024 Lending Council Nomination. Questions can also be sent to this email address.
According to SBA, reasons to become a member include:
- Engaging with leaders from across the federal government on the issues that most impact American small business lending.
- Showcase your organization’s commitment to small businesses and small business owners.
- Partner with the U.S.’s largest supporter of small businesses
The council was created out of the first-ever White House Small Business Lending Summit to institutionalize and deepen partnerships between government, small businesses, leaders, and community leaders.