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… SBREA Final Rule On December 5, 2019, SBA issued a final rule changing its method for calculating the average … SBA will calculate the average annual receipts using a 5-year averaging period (rather than the previous 3-year … period). This change is in accordance with the Small Business Runway Extension Act (SBREA) passed in December …
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The SBA issues a final rule on increases to monetary size standards for inflation
… The SBA issues a final rule on increases to monetary size standards for inflation The U.S. Small Business Administration (SBA) has finalized, without change, … of the new alternative size standard for the SBA’s 7(a) and 504 loan programs that was established under the Jobs … -
The SBA increases employee based size standards for industries in NAICS Sector 42, Wholesale Trade, and NAICS Sector 44 45, Retail Trade
… NAICS Sector 44 45, Retail Trade The United States Small Business Administration (SBA) has issued a final rule that Increases employee based size standards for … eligible small businesses will generally benefit from a variety of Federal regulatory and other programs that use … -
Speller's Hardware Benefits from Lincoln Savings Bank PPP Loan
… ago. As the only hardware store in the city’s north end business corridor, the store quickly established itself as a staple in the neighborhood. Customers appreciate the … service that support the community’s hardware needs in a timely fashion. The Spellers turned to their lender at … -
Integrative Counseling Services Benefits from Veridian PPP Loan
… offices in West Des Moines, Knoxville and Indianola. A PPP loan through Veridian Credit Union allows the company … clients in central Iowa. The COVID pandemic forced the business to adjust its operations from face-to-face counseling to a HIPAA protected, secure online service. Clinical Director … -
Building memories for today, tomorrow and beyond
… to Marble Products International (MPI). She also created a second division, R&S Design Gallery which used the … Robinson had more ideas for expansion, but, "when you're a business owner, you have so much on the line, you need a … -
7(a) and 504 loans to Cooperatives and valuation requirements for 7(a) loans to ESOPs for changes of ownership
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Improvements Needed in SBA’s Shuttered Venue Operators Grant Post-Award Review Process
… to bring attention to concerns regarding the U.S. Small Business Administration’s (SBA) post-award review process to … believe management should take immediate action to apply a more robust risk-based approach in selecting awards to … -
SBA-backed Loans Help Patisserie Share Their Sweet Creations
… Patisserie President Diane Anderson started her career as a costume designer working in theatre, television, and films. As a fluent French speaker, she stayed in touch with the French … In 2002, the chefs decided to start a wholesale dessert business, Opera Patisserie. Diane located the original … -
A Good Problem to Have
… A Good Problem to Have LaToya M. Smith of Brass City Media was freelancing for a Fortune 500 company when the company asked her to sign a … with an S-Corp election; purchase a domain name; set up business email accounts; get a Google voice phone number. … -
Flippin for Healthy Feet with Assistance from SBA’s Emerging Leaders Program
… She already had nine years of experience, having run a successful practice in Milwaukee since 2003. “My husband … correcting foot deformities. For several years, she ran a successful practice, giving her all to save feet that would … had worked so hard at creating. An e-mail about a US Small Business Administration (SBA) program would change the course … -
James Reneau Seed Company, Inc. - Patricia Reneau Arnold
… started the James Reneau Seed Company, Inc., in 1956. A decision had to be made to either liquidate or continue operating the family business. Shamrock, is a small Texas 0rural town that has lost its major employers … -
Triple B Foods
… of the Year. His father established the company in 1981 as a meat trading business. Rob joined Triple B following an early career in … operations. In December of 2014, Triple B Food received a $3.5 million SBA-guaranteed Export Working Capital loan to … -
From One to 14 Bowling Centers with SBA Financing
… center. In 2017, Mr. Schmittou again wanted to expand this business with additional centers To purchase a new bowling center, L&S was approved for a $1.6 million SBA guaranteed loan from Columbia State Bank … -
SBA and Department of Labor Listening Session: ‘Cut the Red Tape: Liberating America From Bureaucracy’
… ineffective, and burdensome regulations that have had a negative effect on economic growth. To ensure that the … Executive Order, senior DOL officials will join the Small Business Administration (SBA) Monday, Oct. 2, in a Listening Session, “ Cut the Red Tape: Liberating America … -
Matt Coleman
… president at Mercury Public Affairs working with small business, non-profit, and corporate clients. He has over 20 … In his prior federal service, Mr. Coleman played a key role as the national spokesperson for the Paycheck … and entrepreneurs. Throughout his career, he has also been a trusted media expert, quoted in such outlets as The New … -
James “Jim” Spencer
… In his role, he is responsible for field staff of loan, business, and community outreach specialists overseeing the … is proposed to create over 150-300 jobs, and the launch of a food truck incubator providing entrepreneurial support, access to training, and utilization of a food truck. During his time at BEDA, Mr. Spencer developed … -
SBA’s Oversight of Shuttered Venue Operators Grant Recipients
… total, Congress provided $16.25 billion for the U.S. Small Business Administration (SBA) to award grants to eligible … -
Federal Grand Jury in Chicago Indicts Four Individuals for Alleged Covid-Relief Fraud
… Original U.S. Department of Justice (DOJ) Press Release A federal grand jury in Chicago has indicted four individuals … fraudulently obtaining millions of dollars in small business loans under the Coronavirus Aid, Relief, and … are presumed innocent until proven guilty beyond a reasonable doubt. Anyone with information about attempted … -
SBA Proposes Revisions to Monetary Based Industry Size Standards
… Industry Size Standards On August 22, 2025, SBA published a proposed rule in the Federal Register proposing to revise … rule is part of the third 5-year rolling review of small business size standards, as required under the Small Business Jobs Act of 2010 (Public Law No. 111-240, sect. …