Industry News - February 6, 2019
February 6, 2019
Credibility has developed a platform that matches high-quality businesses with high-quality loan options that offer lower-APR loans.
A particularly dangerous anti-growth effect of record student debt is its depressive impact on entrepreneurship. According to a 2016 SBA report, millennials are the least entrepreneurial generation in recent history.
Source: The Hill
One of the significant obstacles women-owned businesses face is unequal access to funding. One alternative is seeking small business grants to provide the capital needed to start or grow a business.
Source: Black Enterprise
Local lenders offer guidance and workarounds to new and existing borrowers in a time of uncertainty.
Source: Upstate Business Journal
The partial government shutdown has come to an end. Yet for small-business owners who are waiting on loans, the clock is still ticking.
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.