Funding Circle receives SBA 7(a) SBLC licence
Funding Circle issued SBA Small Business Lending Company (SBLC) licence award affecting U.S. Small Business Administration on November 1, 2023.
- Primary
- Funding Circle
- Counterparty
- U.S. Small Business Administration
- Structure
- SBA Small Business Lending Company (SBLC) licence award
- Date
- November 1, 2023
- Sub-sector
- Lending Tech (SMB)
Enables Funding Circle to originate federal government-guaranteed 7(a) loans up to $5M nationwide, expanding SMB lending capacity in underserved market.
Source: finanznachrichten.de