News & Press: Latest News

MDMA Leads Coalition Effort to Clarify Access to SBA Loans

Sunday, March 29, 2020  
Share |

 

MDMA Leads Coalition Effort to Clarify Access to SBA Loans

In addition to the letter MDMA sent the SBA and Treasury seeking clarification that small medical technology companies with equity investors qualify for expanded 7(a) eligibility under the CARES Act, we've also been working with the National Venture Capital Association (NVCA) and others to organize a coalition to weigh in on this issue. 

Today, over 120 national, state and regional associations, representing the country's most innovative and high-tech industries, sent a letter to SBA and Treasury seeking clarification on the 7(a) affiliate issue for equity backed companies.