Industry News - November 20, 2018
November 20, 2018
The tech companies have access to transaction history of sellers on their platform and often use that merchant's sales data instead of a credit score – an advantage over some U.S. banks.
Small business loan approval rates for big banks reached another record high in October 2018, according to the Biz2Credit Small Business Lending Index.
Source: ABL Advisor
The company provides a wealth of financial choices for franchise entrepreneurs, with a diverse and growing network of capital providers and financing solutions, including growth capital, SBA and conventional loans, and equipment financing.
Source: Crowdfunding Insider
Google Inc. and the oldest trade association for black businesses in the United States are partnering to provide training programs, mentorship and technology access to small businesses.
Source: The Detroit News
During a tour of several of the SBA's West Coast district offices, McMahon sat down with local entrepreneurs to discuss the direction of the SBA under her leadership.
Source: Sacramento Business Journal
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.