Industry News - January 29, 2019
January 29, 2019
Now that the Consumer Financial Protection Bureau has a permanent director in Kathy Kraninger, the agency can, at long last, pursue a path toward regular order.
Source: American Banker
As of January 2017, there were 11.6 million women-owned businesses in the U.S., accounting for almost 40 percent of all U.S. businesses. But the question is how can we keep this momentum going?
Source: The Hill
Approximately 25% of U.S. small businesses have used an alternative lending platform, with younger entrepreneurs leading the pack. Are small businesses beginning to bypass banks altogether?
The U2 frontman and his business partners at TPG announced a new company called Y Analytics, which will use a proprietary method to measure social and environmental change created by investments.
The majority of entrepreneurs who land venture capital funding are white men, much like the financiers who hand it out—but Black women are fighting that pattern.
Source: USA Today
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.