Community Advantage is a pilot loan program designed to increase the number of lenders making SBA 7(a) loans to small businesses in distressed and underserved communities. The Community Advantage pilot program opens up 7(a) lending to mission-focused, community-based lenders such as Community Development Financial Institutions (CDFIs), Certified Development Companies (CDCs), and microlenders who provide technical assistance and economic development support in underserved markets. More information on both programs is available at www.sba.gov/advantage
Eligibility: See 7(a) Loan program eligibility.
Learn More: http://www.sba.gov/advantage