Small Business Administration

Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

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The State of Main Street Heading Into Small Business Week
The State of Main Street Heading Into Small Business Week
April 26, 2024  |  SMBs

Despite the moniker attached to their segment, small businesses loom large in the American economy.  And with the U.S. Small Business Administration (SBA) celebrating National Small...

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SBA Launches Enhanced Lender Match Tool for Small Businesses
SBA Launches Enhanced Lender Match Tool for Small Businesses
March 04, 2024  |  Loans

The U.S. Small Business Administration (SBA) has launched an enhanced version of its Lender Match tool that connects small business owners with SBA-approved lenders. The...

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SBA to Debut Changes to Boost Small Business Access to Credit
SBA to Debut Changes to Boost Small Business Access to Credit
July 31, 2023  |  SMBs

Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements,...

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SBA Lifting Moratorium on Licensing New Small Business Lending Companies
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
April 14, 2023  |  Digital Banking

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. Effective May 12, the agency is lifting the moratorium on licensing...

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SBA Will Expand Nation’s Women Business Centers Network
SBA Will Expand Nation’s Women Business Centers Network
March 27, 2023  |  SMBs

The Small Business Administration (SBA) is pledging more support to female entrepreneurs. President Joe Biden is set to announce the expansion of the SBA’s network...

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Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
December 14, 2022  |  SMBs

For Main Street SMBs, PPP business loans were once lifelines but now could become anchors. This, as the loans that were offered as federal aid...

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Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
December 06, 2022  |  Fraud Attack

Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the...

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Entrepreneurial Agility and Innovation Could Make or Break SMBs’ Holiday Season
Entrepreneurial Agility and Innovation Could Make or Break SMBs’ Holiday Season
November 11, 2022  |  Retail

Recall the bleak summer of 2020, when you’d have thought Main Street small to medium-sized businesses (SMBs) would be extinct by year’s end. It was...

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