August 1, 2024 Delaney SextonContributing Editor Gulf Coast Small Business Lending Welcomes Chris McIntosh as VP, BDO “We are thrilled to have Chris join our Gulf Coast Small Business Lending team. His years of accomplished experience in the SBA industry will be an asset to both our borrowers and our team,” says Larry Moran, Managing…

August 1, 2024 Delaney SextonContributing Editor Frequently Asked Questions About Small Businesses The SBA Office of Advocacy published their frequently asked questions about small businesses for 2024. Here are a few of the questions: How many small businesses are there in the U.S.? There are 34.7 million small businesses in the country. Of those, 81.9%,…

August 1, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Top Coloradan Lenders For fiscal year 2024, these are the lending statistics by top Coloradan lenders as of July 31, 2024:

July 31, 2024 Delaney SextonContributing Editor Senators Rosen & Moran Introduce Legislation to Provide Tax Cuts for Veteran Startups “Our nation’s servicemembers deserve all of our support as they transition to civilian life,” says Senator Jacky Rosen of Nevada. “I’m proud to introduce this bipartisan bill to provide Nevada veterans with a tax credit on start-up costs…

July 31, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Californian Lenders For fiscal year 2024, these are the lending statistics by Californian lenders as of July 30, 2024:

July 30, 2024 Delaney SextonContributing Editor SBA Announced Fiscal Year 2025 Lender Fees Yesterday, SBA released the lender fees for the upcoming fiscal year. For the second year in a row, SBA will not be charging upfront fees for loans $1,000,000 or less for 7(a) and 504 loans. Here are the fees: 7(a) Lender’s Annual…

July 30, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Arizonan Lenders For fiscal year 2024, these are the lending statistics by Arizonan lenders as of July 29, 2024:

July 29, 2024 Delaney SextonContributing Editor Small Business Defaults Up 84 Basis Points From Last Year Equifax’s Main Street Lending Report for June 2024 shared that small business lending activity in April improved. Compared to the month before, lending was up 6.1%. From the year before, small business lending increased by nearly 2%. The three-month…

July 29, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Arkansan Lenders For fiscal year 2024, these are the lending statistics by Arkansan lenders as of July 28, 2024:

June 26, 2024 Delaney SextonContributing Editor Bounce Back Loan Scheme: U.K. COVID Loan Fraud Clocked in at 4% – Fraud Friday Across the pond, Britain’s small businesses also needed a lifeline during the global economic crisis brought on by the COVID-19 pandemic. This came in the form of the Bounce Back Loan scheme. The scheme…