The U.S. Small Business Administration (SBA) has recently expanded its lending network by granting Small Business Lending Company (SBLC) licenses to four institutions: Cooperative Business Services, A10 Capital, Lafayette Square, and Stonehenge Capital. This marks the second expansion of the SBLC program in over 40 years, aiming to increase access to capital for underserved communities across the United States. Morningstar+6SBA+6socrates | CRA Learning Center | findCRA+6SBA+4SB-FI+4Government Executive Consulting Services+4
Highlights of the New Partnerships:
- Cooperative Business Services (CBS): A Cincinnati-based Credit Union Service Organization, CBS has facilitated over $400 million in funding to women-owned businesses and $123 million to veteran-owned companies. With the new SBLC license, CBS plans to focus on smaller loan amounts and increased outreach within low-to-moderate income communities. markets.businessinsider.com+1GlobeNewswire+1
- A10 Capital: Headquartered in Boise, Idaho, A10 Capital has been a leader in commercial real estate lending since 2007. The company intends to direct at least 50% of its SBA 7(a) loans to underserved markets, including women, veterans, rural areas, and minority-owned businesses, as well as sectors like renewable energy and sustainability. GlobeNewswire
- Lafayette Square: An impact-driven, minority-owned investment platform, Lafayette Square aims to support 100,000 working-class jobs and invest 50% of its capital in working-class areas, including rural regions. The firm plans to focus on community solar, recycling, and next-generation projects such as energy storage. GlobeNewswire
- Stonehenge Capital: Based in Baton Rouge, Louisiana, Stonehenge Capital has invested over $1.5 billion in underserved markets across 38 states. With the new SBLC license, the company plans to allocate at least 65% of its loan volume to small businesses in low-income communities and 25-40% to green lending opportunities. Government Executive Consulting Services+6socrates | CRA Learning Center | findCRA+6GlobeNewswire+6markets.businessinsider.com+6GlobeNewswire+6socrates | CRA Learning Center | findCRA+6
These partnerships are part of the SBA’s ongoing efforts to empower entrepreneurs and small business owners, particularly in underserved communities, by providing greater access to affordable financing options.
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