President Biden called for stricter Federal banking regulations after the recent collapse of several high-profile banks in the U.S. Many of the proposed changes would not require new legislation.
The Consumer Financial Protection Bureau (CFPB) will require banks to start reporting demographic and income information for small business loan applications. The new rules are designed to help prevent discriminatory decisions by banks against minority business owners.
Source: AP News
The Small Business Administration (SBA) recently announced two companies as Small Business Investment Companies of the Year. Stonehenge Community Impact Fund and Balance Point Capital Partners were recognized for their work helping provide capital funding solutions for growing companies.
Source: Global Trade Magazine
The NC Rural Center will distribute $3.3 million to six CDFIs located throughout the state. The funding comes from an overall $5 million grant recently approved by the North Carolina General Assembly.
Source: The Southern Scoop
Creating the best business name for any venture is a crucial first step for any new company. Here are several tips on how entrepreneurs should best proceed when developing a business name.
Source: Small Business Trends