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Data / Federal rules / 2024-15313

7(a) Working Capital Pilot Program

The Small Business Administration published this final rule in the Federal Register on July 15, 2024. It took effect on August 1, 2024.

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What the agency says

SBA is introducing a new pilot loan program within the 7(a) Loan Program called "7(a) Working Capital Pilot" (WCP) to provide SBA 7(a) guaranteed lines of credit up to $5 million that may be used to support domestic and international transactions with SBA fees due from the Lender that operate as a function of time, charging a proportional amount for each year the facility is in use.

Key facts

Document number
2024-15313
Type
Final rule
Action
Notification of pilot program and request for comments
Agency
Small Business Administration
Published
July 15, 2024
Takes effect
August 1, 2024
Dates
Effective date: The WCP Program will be effective on August 1, 2024, and will remain in effect through July 31, 2027.
Docket
Agency Docket Number: SBA-2024-0005
Code of Federal Regulations
13 CFR 120
Pages
3

The document on federalregister.gov PDF

Other documents from the Small Business Administration

Everything from the Small Business Administration · Published in July 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.