For small businesses, experts and proponents have said the rule could increase access for small businesses — particularly when it comes to small-dollar loans. But some in the banking industry have also
In 2020, the SBA also allowed nonbank lenders to participate in the popular Paycheck Protection Program, expanding the lending pool by thousands as part of an effort to reach underserved businesses that did not have an existing banking relationship. Ultimately, the PPP made 11.3 million forgivable loans over 2020 and 2021. In 2021, the SBA posted a record
The SBA would periodically open up application periods for new SBLCs, as well as a new category of nonprofit-based SBLCs it calls “mission-based SBLCs,” to apply for the 7 program. Representatives of fintechs said lifting the moratorium on nonbank SBLCs will accomplish the goal of increasing access to capital.
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Workers robbed and pistol-whipped in San Francisco market: VideoSan Francisco police said two workers were assaulted and robbed at Stop and Shop Wednesday night in the Mission District. Video shows one of the thieves slamming a worker to the ground and hitting his head with a pistol. Sure am glad the topic for SF politics is vote blue just because Are not these workers allowed to carry weapons for defense. Top 5, pro-criminal activist responses: 'I haven't had a problem. It's Crime-A-Ganda! Copaganda!' 'Kids don't belong in cages!' (if perp is a teen) 'Police & Prisons haven't solved crime. Defund! Abolish!' 'Criminalizing Poverty!' (but victims are often poor) 'Crime is down!'
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Sports betting, dialysis clinics, income tax go before voters - San Francisco Business TimesIn the Nov. 8 election, voters across California will weigh in on propositions that could impact businesses in various industries across the state.
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Bay Area sees lowest October home sales volume in 15 years - San Francisco Business TimesEconomic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.
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Year Up is on a mission to close the career opportunity divide - San Francisco Business TimesBank of America partnered with Year Up in 2006, advocating for social justice and serving local communities. Today, Year Up talent is an important part of Bank of America’s talent sourcing strategy.
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