The SBA has opened a second application period for nonprofit intermediary lenders to apply for a pilot program that provides small business loans up to $200,000.

Under the Intermediary Lending Pilot Program, the SBA said it makes loans of up to $1 million to participating lenders, which use the funds to make smaller loans to startup, newly established and growing small businesses.

The agency said small businesses, especially those in underserved markets, can be eligible for loans of up to $200,000.

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