Applications for New SBLC & Community Advantage SBLC Licenses are Open

September 11, 2024 Delaney SextonContributing Editor Applications for New SBLC & Community Advantage SBLC Licenses are Open For SBLC licenses, SBA is accepting applications through October 15th. SBA will award up to three additional licenses during this round. The SBA will consider an applicant’s ability to fill market gaps in lending to underserved communities and…

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Nevada is Receiving $4 Million from the State Small Business Credit Initiative (SSBCI)

September 11, 2024 Delaney SextonContributing Editor Nevada is Receiving $4 Million from the State Small Business Credit Initiative (SSBCI) “As Nevada’s economy continues to grow, it’s critical that we support our small businesses and entrepreneurs,” says U.S. Senator Jacky Rosen. “I’m glad to see millions of dollars are coming to our state to help small businesses flourish…

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SBA 7(a) Approvals by Montana Lenders

September 11, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Montana Lenders For fiscal year 2024, these are the lending statistics by Montana lenders as of September 10, 2024:

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Credit Conditions are Stable While Small Business Optimism Fell

September 10, 2024 Delaney SextonContributing Editor Credit Conditions are Stable While Small Business Optimism Fell “The mood on Main Street worsened in August, despite last month’s gains,” says NFIB Chief Economist Bill Dunkelberg about the August Small Business Economic Trends report. “Uncertainty among small business owners continues to rise as expectations for future business conditions worsen.”…

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SBA 7(a) Approvals by Mississippi Lenders

September 10, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Mississippi Lenders For fiscal year 2024, these are the lending statistics by Mississippi lenders as of September 8, 2024:

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Cambridge Savings Bank Promotes Ian Brandon to EVP, Chief Commercial Banking Officer

September 9, 2024 Delaney SextonContributing Editor Cambridge Savings Bank Promotes Ian Brandon to EVP, Chief Commercial Banking Officer “Ian’s deep expertise and proven leadership will be instrumental in driving our commercial banking division forward,” says Ryan Bailey, the bank’s CEO. “His promotion reflects our confidence in his ability to identify market opportunities and strengthen client…

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