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U.S. Small Business Administration Implements Rules to Address Persistent Capital Access Gaps
… they needed. The number of lenders that originated SBA’s 7(a) loans under $50,000 and $150,000 decreased by over 40% … that commitment by providing government-guaranteed lenders with all the tools they need to close the gaps that still … women, and minority-owned businesses Article ID 23-24 Release Date April 12, 2023 Article Type Archived news … -
Business Loan Program Improvements
… for small businesses by modernizing SBA’s signature 7(a) working capital* and 504 fixed asset loan programs. The … considerations. SBA will check and confirm compliance with SBA affiliation regulations as a component of the … that run overnight and provide data in approximately 24 hours. If SBA detects any compliance issues, the system … -
Job Interview Turns into Storybook Ending for Ashley Messenger
… stated. Months after landing the kitchen manager position at Underdog BBQ, she got the entire restaurant for a mere … she happily said. “When then-owner Glenn Stearns spoke with me, I actually thought he was looking for industry … and small business owners with the resources and support they need to start, grow, expand their businesses, or … -
Air Force Veteran on a mission to revolutionize how art is displayed
… of success, Maida incorporated Laminage Products, Inc. with a DBA of L’image in 2001, and began selling his … annual growth in the early 2000’s, Maida bought a larger 7,500 square foot warehouse in 2012 with a SBA 7(a) loan … endeavor at L’image is to revamp our web presence for more online sales. Developing an interactive web presence has … -
Statement of Hon. Eric M. Thorson, Inspector General, U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate July 25, 2007
… made by the Small Business Administration (SBA) to cope with the aftermath of Hurricanes Rita and Katrina. With me … Center to make three attempts to call each borrower within 24 hours. If they could not reach the borrower, they were to … had approved close to 70,000 expedited loans, totaling $3.7 billion, specifically related to the 2005 Gulf Coast … -
From Servings One’s Country to Serving Homemade Diner Cuisine
… knew that these top 5 chain restaurants founders, Ray Kroc with McDonalds, Colonel Sanders with KFC, S. Truett Cathy … after he graduated, Berke and wife Cailin obtained an SBA 7(a) loan from Ledyard Bank to purchase ‘Lou’s Restaurant & … and small business owners with the resources and support they need to start, grow, or expand their businesses, … -
SBA Reaches New Milestone Awarding $7.5 Billion in Shuttered Venue Operators Grants to over 10,000 Venues
… SBA Reaches New Milestone Awarding $7.5 Billion in Shuttered Venue Operators Grants to over … first to shutter, back on track. The SBA worked closely with the White House and other federal partners to process … and small business owners with the resources and support they need to start and grow their businesses. It … -
Administrator Guzman Announces 2023 State Small Business Persons of the Year
… Small Business Week awards ceremony in Washington, D.C. At the event, one of the state/territory winners will be … the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or … -
SBA Announces 2023 Phoenix Award Winners for Outstanding Disaster Recovery Efforts
… to paint aircraft in Lake Charles allowed Tyson to work with premier airline industry leaders. By 2017, Tyson … operation. Over 100 people were working the night shift at the Mayfield Consumer Products buildings, commonly known … and small business owners with the resources and support they need to start, grow, expand their businesses or …