SFNet writes letter to SBA over new WCP program
Just as the SBA opened up comments to their new Working Capital Pilot program the trade group SFnet wrote a letter to the SBA with its thoughts on the issues this program they felt would cause. Their main point from the letter is that the unintended consequences "will be to put the SBA’s Working Capital Pilot Program in direct competition with those(ABL) existing private lenders, many of whom are our members, who presently lend in the identical marketplace which the Proposed Rule intends to serve."
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