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 Business Week starting Sunday (April 28), the staying power of entrepreneurship in the U.S. is top of mind for both...
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 enhanced platform provides a mobile-first user interface that delivers better access and usability, the SBA said in a Monday (March...
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, more widespread automation and an expansion of the number of nonbank lenders that are licensed to issue Small Business Administration...
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 new Small Business Lending Companies (SBLCs), adding a new type of lending entity called a Community Advantage SBLC and removing...
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 account for the sheer tenacity small business owners have repeatedly shown. As part of the SMB-TV series done in collaboration with PayPal, PYMNTS’ Karen Webster […]
September 25, 2020
With Main Street small- to medium-sized businesses (SMBs) suffering through a downturn more ruinous than any in living memory, many that make it will do so by accessing new customers...
September 11, 2020
Sept. 11, 2020, marks 225 days since the coronavirus was first declared a pandemic on March 11, lasting longer than most of the businesses on Main Street U.S.A. ever expected...
May 28, 2020
When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and paid for goods and services...
May 02, 2024
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 fees after defaulting on those loans, The Wall Street Journal (WSJ) reported Thursday (May 2). According to that report, the SBA has handed off 860,000 delinquent loans from the COVID disaster program — […]
March 04, 2024
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 enhanced platform provides a mobile-first...
July 31, 2023
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, more widespread automation and an...
April 14, 2023
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 new Small Business Lending Companies...
