The House of Representatives passed two bills Tuesday (Jan. 20) that would require the Small Business Administration (SBA) to help small businesses adopt artificial intelligence (AI). The AI for Main Street Act (HR 5764), sponsored by Rep. Mark Alford, R-Missouri, requires the SBA’s Small Business...
First Internet Bank has integrated Parlay Finance’s artificial intelligence-native Loan Intelligence System to enhance its Small Business Administration lending. The bank expects to see as much as a 50% increase in efficiencies throughout the lending process as the LIS enables its SBA lending operations team...
As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy. Our surveys of small to medium-sized business (SMB) owners found that fully half of U.S. SMBs rely on their day-to-day...
The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan program. The legislation, the 7(a) Loan Agent Oversight Act (H.R. 1804), requires the SBA’s Office of Credit Risk Management to provide Congress...
August 27, 2026
A small business can grow itself out of federal lending eligibility long before it becomes a large company. The Small Business Administration is proposing to give some of those firms more room to grow. Its proposed standards would raise revenue and employee limits across dozens of industries, adding an estimated 114,541 businesses to the pool […]
June 05, 2025
As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy. Our surveys of small to...
November 11, 2022
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 understandably pessimistic, but it didn’t...
July 08, 2020
And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left under the Paycheck Protection Program...
January 21, 2026
The House of Representatives passed two bills Tuesday (Jan. 20) that would require the Small Business Administration (SBA) to help small businesses adopt artificial intelligence (AI). The AI for Main Street Act (HR 5764), sponsored by Rep. Mark Alford, R-Missouri, requires the SBA’s Small Business Development Centers to provide guidance, training and outreach that will […]
October 17, 2025
First Internet Bank has integrated Parlay Finance’s artificial intelligence-native Loan Intelligence System to enhance its Small Business Administration lending. The bank expects to see as much as a 50% increase...
June 05, 2025
The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan program. The legislation, the 7(a)...
May 23, 2025
Staffing cuts and tighter underwriting standards have reportedly made it more difficult for entrepreneurs to get help from the Small Business Administration (SBA). The SBA’s staffing level, which had surged...
