Non-profits get SBA nod to offer business loans

Crain's Chicago Business reports:

In an effort to reach “underserved” startups, the U.S. Small Business Administration soon will allow community groups and other non-profit lenders to make federally guaranteed business loans.

The pilot program, expected to begin by mid-March, could take off fast in Chicago since several non-profit groups already are trying to help small firms get financing.

One can only imagine the corruption that can occur from this.