Last month, Isabella Casillas Guzman, head of the Small Business Administration, joined Vice President Kamala Harris to announce reforms to Community Advantage: a pilot loan program through which the agency aims to provide low-income borrowers and individuals from underserved communities with equitable access to capital. Some of the changes include extending the length of the program by two years to September 2024, and expanding the maximum loan size from $250,000 to $350,000.
