The Small Business Administration is rolling out a new structured line of credit that aims to offer more flexibility to lenders and small-business owners.

The 7(a) Working Capital Pilot Program would use a fee structure similar to the agency’s existing Export Working Capital Program and its SBA Express loans offering, under which there are no fees for loans under a certain amount but gradually scale up as the loan gets larger. The fee structure also changes based on whether the loans are shorter or longer than 12 months.

The line of credit would be extended by existing SBA 7(a) lenders and backed with an SBA guarantee. The agency, which announced the program Thursday, said more details are to come ahead of a launch later this year.