- Recommendation 1
- Study and develop criteria for piloting expanded forgiveness of SBA-backed loans, building on the success of pandemic programs in transferring capital to entrepreneurs who have driven a small business startup boom.
- Recommendation 2
- Develop and promote the use of criteria, tools, and best practices in finance decision-making that make it harder than not to act equitably.
- These could include digital tools that flag suspected proposed decisions for further review, training to positively weigh factors like lived experience and technical knowledge, and more.
- Develop and promote the use of criteria, tools, and best practices in finance decision-making that make it harder than not to act equitably.
- Recommendation 3
- Amplify the impact of successful regulatory efforts to expand access to capital by studying and reporting on additional innovations to manage lending risks.
- Such amplifications include philanthropic partnerships that invest private alongside public dollars in making loan guarantees and allowances for regulated lenders to recognize financial knowledge and similar intangible traits as assets that mitigate assessed risk.
- Amplify the impact of successful regulatory efforts to expand access to capital by studying and reporting on additional innovations to manage lending risks.
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