Industry News – September 29, 2022

Small Business Loans Could Reach Double Digit Interest Rates Due to Federal Reserve  As the Federal Reserve continues to raise interest rates to fight inflation, small business loans may hit double digits soon. This includes Small Business Administration loans tied to...

Industry News – September 22, 2022

Federal Reserve Raises Interest Rates Once Again  The Federal Reserve, as expected, raised interest rates by another .75 percentage points. This is despite increasing criticism that this latest move to curb inflation will instead stunt economic growth.  Source: Yahoo!...

Industry News – September 15, 2022

White House Discussing Contingency Plans as Potential Rail Strike Looms  The White House is discussing contingency plans in case a potential nationwide rail strike happens, which would cripple supply lines. Sixty thousand rail union workers plan to strike unless their...

Industry News – September 8, 2022

Federal Reserve Bank of Cleveland to Webinar on Supplier Diversity Programs  The Federal Bank of Cleveland will host a free online webinar on supplier diversity programs on September 14. Experts will examine current trends impacting small, minority- and women-owned...

Industry News – September 1, 2022

U.S. Secret Service Seizes $286 Million in Fraudulent Covid Relief Funds  The U.S. Secret Service announced it had recovered $286 million in illegally taken Covid relief. Since 2020, over $1 billion in pandemic relief funds have been recovered since the start of the...