Biden-Harris Administration Launches Working Capital Pilot Program

US Small Business Administration
Thursday, June 6, 2024

"Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) . . . announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan."