WASHINGTON -- A bill to increase the lending authority for the 7(a) loan program to $23.5 billion for FY 2015 was passed by Congress and signed by the president. As a result, effective this afternoon, SBA is again able to guarantee 7(a) loans this fiscal year. Requests in the existing queue will be funded first, followed by new loan guarantee requests, which will be processed as usual.
WASHINGTON– Today, the head of the U.S. Small Business Administration Maria Contreras-Sweet announced a major expansion to the recently launched online tool LINC –Leveraging Information and Networks to Access Capital - a platform that matches entrepreneurs with SBA lenders. Administrator Contreras-Sweet made the announcement during her keynote speech at the National Government Guaranteed Lenders annual conference in San Antonio, Texas, while on her nationwide tour for National Small Business Week, May 4-8.
Charlotte N.C. - The U.S. Small Business Administration North Carolina District signed a Strategic Alliance Memorandum (SAM) with the North Carolina Veteran’s Business Association (NCVetBiz) on March 11, 2015.
The purpose of this agreement is to develop and foster mutual understanding and a working relationship between the SBA and NCVetBiz in order to strengthen and expand small business development for veterans in North Carolina.
Charlotte, N.C. - U.S. Small Business Administration’s North Carolina District Office is seeking 17 Charlotte area business owners to register for the city's inaugural SBA Emerging Leaders Initiative that will give them a three-year, tailored strategic growth plan to help bring their business to the next level.