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…

August 7, 2024 Delaney SextonContributing Editor $83 Million in SSBCI Funds Approved for 125 Alaska Tribes “Alaska’s tribes are the backbone of our rural economies. The Alaska SBDC is proud to have worked with the Alaska Federation of Natives to bring 125 Alaskan tribes together in the largest tribal consortium in the nation. This collaborative…

August 7, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Delaware Lenders For fiscal year 2024, these are the lending statistics by Delaware lenders as of August 6, 2024:

August 6, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Washington, DC Lenders For fiscal year 2024, these are the lending statistics by Washington, DC lenders as of August 4, 2024:

August 6, 2024 Delaney SextonContributing Editor Bipartisan Senate Bill Gives SBA a $61 Million Increase in Funding “I’m thrilled to see major funding increases for the SBA benefiting nearly every key program, including the Small Business Development Centers, the State Trade Expansion Program and the Microloan Program. These are crucial investments that will directly support…

August 5, 2024 Delaney SextonContributing Editor SBA 7(a) Working Capital Program Begins Today “Small businesses need affordable working capital to pursue revenue growth opportunities made available thanks to President Biden’s Investing in America agenda,” says SBA Administrator Guzman. “The SBA has expanded access to capital and increased small dollar lending over the past three and a half years –…

August 5, 2024 Delaney SextonContributing Editor Bank of Guam Celebrates 2024 SBA Awardees Bank of Guam celebrates the Guam winners of the 2024 U.S. Small Business Administration Awards, including M80 Systems Inc. president Jessica Leon Guerrero, the recipient of the 2024 Guam Small Business Person of the Year. The 2024 Veteran Small Business Champion of…

August 5, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Connecticut Lenders For fiscal year 2024, these are the lending statistics by Connecticut lenders as of August 3, 2024:

August 2, 2024 Delaney SextonContributing Editor Former Merrill Lynch Financial Advisor Indicted for Stealing Millions from Clients and PPP – Fraud Friday Government officials were finally able to pin down an alleged serial fraudster after he “actively [concealed] his whereabouts” for two years. Jared Dean Eakes was first arrested on May 20th due to accusations…