August 13, 2024 Delaney SextonContributing Editor Small Business Credit Conditions are Stable, Optimism Increases “Despite this increase in optimism, the road ahead remains tough for the nation’s small business owners,” says NFIB Chief Economist Bill Dunkelberg. “Cost pressures, especially labor costs, continue to plague small business operations, impacting their bottom line. Owners are heading towards unpredictable…

August 13, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Hawaii Lenders For fiscal year 2024, these are the lending statistics by Hawaii lenders as of August 12, 2024:

August 12, 2024 Delaney SextonContributing Editor Arizona Launches $5 Million Microbusiness Loan Program “By providing accessible capital and innovative products through our Alternative Loan Program, we’re not just supporting individual entrepreneurs; we’re investing in the economic resilience and vibrancy of our entire region,” says Caroline Nelson, the Community Investment Corp’s chief operating officer and director…

August 12, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Georgia Lenders For fiscal year 2024, these are the lending statistics by Georgia lenders as of August 10, 2024:

August 9, 2024 Delaney SextonContributing Editor Ericson State Bank President Sentenced to 18 Months in Prison for Fraud that Led to Bank Failure “The people of Nebraska expect their monies to be safe when they choose to place their trust in local banks,” says United States Attorney Susan T. Lehr. “No bank officials should be…

August 8, 2024 Delaney SextonContributing Editor SBA is Opening Applications for SBLC & Community Advantage SBLC Licenses Tomorrow, SBA will publish in the Federal Register the dates for when they will be accepting applications for SBLC licenses. They will award up to three new SBLC licenses and an indefinite number of new CA SBLC licenses.…

August 8, 2024 Delaney SextonContributing Editor Will Dendy Joins TMC Financing to Strengthen SBA 504 Lending in Greater San Diego “We are delighted to welcome Will to our organization,” says Kurt Chambliss, EVP of Business Development at TMC Financing. “His extensive background in banking and deep commitment to client service will undoubtedly enhance our presence and…

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

August 7, 2024 Delaney SextonContributing Editor Northern Mariana Islands Approved for Up To $57 Million in SSBCI Funding “This approval is a significant step forward for our small local businesses,” says Commonwealth Economic Development Authority (CEDA) Chairman Frank M. Rabauliman. The CEDA announced that the U.S. Department of Treasury approved up to $57 million for…

August 7, 2024 Delaney SextonContributing Editor Puerto Rico Economic Development Bank Secures $30 Million Under SSBCI “This Venture Capital Program will provide access to capital for entrepreneurs who are raising or have raised investment capital,” EDB President Luis Alemañy says. “With this program, we are supporting more companies in continuing their expansion by providing the…