SBA 504 Lending Stats by Business Type
July 16, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of July 15, 2024:
Read MoreSBA’s New Working Capital Loan Program — Webinar 8/6
Asset-Based SBA 7(a) Line Funding Available August 1 SPECIAL PRICING$495 Unlimited Site License Anybody with your institution’s email domain may attend with any device worldwide A Coleman WebinarDate: Tuesday, August 6, 2024Time: 2:00 p.m. Eastern(E-certification & Recording Provided) As small businesses grow, they require access to working capital. Working capital is most economically delivered through…
Read MoreSBA 7(a) Working Capital Pilot Program Starts on August 1st
July 15, 2024 Delaney SextonContributing Editor SBA 7(a) Working Capital Pilot Program Starts on August 1st In the Federal Register, SBA’s 7(a) Working Capital Pilot (WCP) Program was introduced, and SBA is currently accepting comments on the new program until August 14, 2024. The program itself goes into effect on August 1, 2024, and will…
Read MoreSBA 504 Lending Stats by Exporter Status
July 15, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Exporter Status For fiscal year 2024, these are the lending statistics by exporter status as of July 14, 2024:
Read MoreFormer SBA Employee Defrauds SBA, State Programs, and Credit Unions – Fraud Friday
July 12, 2024 Delaney SextonContributing Editor Former SBA Employee Defrauds SBA, State Programs, and Credit Unions – Fraud Friday “Today’s charges highlight our unwavering commitment to protecting the integrity of SBA programs,” says SBA OIG’s Eastern Region Special Agent in Charge Amaleka McCall-Braithwaite. “Exploiting relief efforts for personal gain undermines public trust and deprives legitimate…
Read MoreTop Six Reasons for SBA Screen Outs
July 11, 2024 Delaney SextonContributing Editor Top Six Reasons for SBA Screen Outs On the SBA 7(a) Connect Quarterly Update, Joe McClure from the Loan Guaranty Processing Center shared the top reasons for screen outs. The top three reasons alone account for 82% of screen outs. Here is what to look out for as lenders:
Read MoreSBA 504 Lending Stats by Rural or Urban Status
July 11, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Rural or Urban Status For fiscal year 2024, these are the lending statistics by rural or urban status as of July 10, 2024:
Read MoreSBA 7(a) Connect Call Hot Topics
July 10, 2024 Delaney SextonContributing Editor SBA 7(a) Connect Call Hot Topics Yesterday, SBA held their 7(a) Connect Quarterly Update call. Here are some of the key topics they discussed: Watch the 7(a) Connect Quarterly Update here!
Read MoreSBA 504 Lending Stats by Business Age
July 10, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Age For fiscal year 2024, these are the lending statistics by business age as of July 9, 2024:
Read MoreLess Small Businesses are Having Their Credit Needs Met
July 9, 2024 Delaney SextonContributing Editor Less Small Businesses are Having Their Credit Needs Met Small business optimism is at its highest this year, but credit conditions in June were less favorable for small businesses according to findings from the NFIB’s Small Business Economic Trends report. Although current credit conditions were rockier, small business owners…
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