Did you know food co-ops are currently not qualified to access SBA lending programs? Here's a call to action from the National Cooperative Business Association, which is asking for your support in lobbying for co-op access to this very important funding resource:
The National Cooperative Business Association (NCBA) has been working with the Small Business Administration (SBA) to expedite the reinterpretation of regulations that prohibit food cooperatives from accessing SBA lending programs.
We need your help in advocating for changes to Small Business Administration (SBA) regulations. At present, SBA regulations prohibit food cooperatives from accessing SBA lending programs. NCBA believes this needs to change and brought it to the attention of the Obama Administration during the May White House Community Leaders Briefing. Since the Briefing, NCBA has continued the dialogue with SBA and the White House—making progress on this issue.Now is the time for YOUR VOICE to be heard! Click here to find out how you can take action and help the NCBA get the word out.