Nationwide Implementation of a Revolving Line of Credit Program

The Small Business Administration (SBA) is issuing notice to advise the public it is implementing a new revolving line of credit loan guaranty program on a national basis to be called the GreenLine Revolving Line of Credit Loan Guaranty Program (GreenLine). This program authorizes SBA to use its guaranty authority to provide the Agency's full faith and credit support to loans made by approved lenders that finance the short term, cyclical working capital needs of small businesses. The establishment of GreenLine is in response to information obtained over a two year period demonstrating the need for a nationwide revolving line of credit loan guaranty program. Many lenders acknowledged that this type of financing was generally available in the commercial marketplace to only larger businesses with a need for larger lines of credit. Small businesses would require the guaranty from SBA in order for lenders to provide them with the same opportunity. GreenLine shall serve as the umbrella for all the Agency's short term lending programs with the exception of the Export Revolving Line of Credit (ERLC) and the Export Co-Guaranty programs. Under GreenLine, authority to provide a revolving feature to the Agency's traditional Contract, Seasonal, and Contractors loan programs is added.