"Small Businesses have saved more than $6.3M nationwide in fees that were eliminated," says the SBA. Small business borrowers who receive SBA 7(a) guaranteed loans of $150,000 or less during Fiscal Year 2014 (October 1, 2013 – September 30, 2014) are the main benefactors of the SBA Small Loan Guaranty Fee Relief Initiative, but SBA Lenders will [...]
The drought in California may have started long ago, but on January 15, U.S. Secretary of Agriculture Tom Vilsack declared the California drought to be an agricultural disaster, opening up the doors for the Small Business Administration to start offering Economic Injury Disaster Loans (EIDLs). These new loans will be eligible for nonfarm small businesses and non-profit [...]
Applying for and attaining loans can be a tricky process, especially for those just getting started. To help out the SBA will be conducting a free roundtable on small business lending in Livonia, Michigan, on March 6, 2014. If your business is struggling with finding how to access capital the SBA experts will be there [...]
This month, the Small Business Administration’s Office of Advocacy responded to some frequently asked questions about small businesses (defined as businesses with zero to 499 employees) and accessing startup capital. If you haven't seen it already, check it out; if you've just started or are about to start a company, it can be invaluable know a bit about [...]
We had a great time this afternoon following the live tweeting event, #sbaEweek, hosted by the SBA. While most of the questions were answered thoroughly, we thought that we would put in our two cents regarding a few questions. Jacqueline Gray Miller asked... We know how difficult it can be for people to find the [...]
Learn how to start your business from the experts-- check out the Small Business Administration's Twitter chat on Wednesday, Feb 19 at 3-4 PM EST.
The Inland Northwest Business Plan Competition 2014 provides an opportunity for young entrepreneurs to win $30,000 and more.
A study released Wednesday by the Small Business Administration Office of Advocacy supports that the recent existence of business credit scoring has been largely beneficial to businesses, giving banks and other lenders a clearer picture of the financial standing of businesses they are considering lending to. While personal credit has been around for a long [...]
President Obama announced Maria Contreras-Sweet as his nominee to lead the Small Business Administration on Wednesday. A businesswoman who has extensive experience in both the private and public sectors, Contreras-Sweet makes a great candidate to fill Obama’s final cabinet seat. Here are five reasons why her nomination is a step in the right direction for [...]
While we spent the year planning and on the road for the 2013 Access to Capital Tour, small business owners were experiencing a year of change due, in large part, to the federal government. Healthcare reform, deep budget cuts and a government shutdown, the hiring climate and more access to capital were a few of [...]