Microloan Transparency and Accountability Act of 2023

This bill requires the Small Business Administration (SBA) to annually report on the microloan program starting in 2023. It mandates detailed public reports covering loan default rates, rural lending, underserved borrower participation, interest rates, fees, loan sizes, and technical assistance spending - without including personal borrower data. These reports target SBA intermediaries (like community lenders) and will be submitted to Congress and published online. The law directly affects how SBA administers microloans to small businesses, particularly those in rural areas or underserved communities.