Industry News - January 22, 2019
January 22, 2019
Peer-to-peer lending offers several potential benefits to entrepreneurs. However, a few similar concepts like crowdfunding and online lending are also becoming more prevalent. Here’s what you need to know.
Source: Small Business Trends
The fears of a slowing economy that sent stocks falling the past few months may be spreading to small business owners who have been quite optimistic in recent years.
Source: Fox Business
SBA loans are at a grinding halt, and it's delaying small businesses from opening or existing ones from growing. As job creation slows, local economies are bracing for lingering effects.
Federal contractors aren’t getting orders and aren’t being paid. Companies that need help from the SBA can’t get it. Businesses located near federal offices aren’t getting sales from government workers. Nobody is exempt.
Source: The Columbian
April 16, 2019
Industry News -
Under the new Farm Bill, farmers can receive up to $100,000 through multiple microloan programs that provide flexible access to credit for small, beginning, niche, and non-traditional farms.
April 10, 2019
Industry News -
CDFI Fund Releases Annual Report on Activities According to the report, CDFI program awardees reported more than $11 billion in lending and investment activity, which financed nearly 16,000 businesses in 2018.
April 2, 2019
Policy News -
SBA Administrator Linda McMahon has announced her resignation effective April 12th. In a statement issued on Friday, McMahon said she will be returning to the private sector.