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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBA proposes expanding lender network, streamlining loan process - Jacksonville Business JournalA proposed rule for the popular 7(a) program is just the latest effort by the SBA to overhaul its existing programs. Here's what businesses need to know.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Standoff over remote work continues as bosses ready penalties - Phoenix Business JournalTo this point, many companies have taken a relaxed approach to their hybrid policies, but many managers are planning to clamp down and rigidly enforce office attendance in the months to come. Experts say the move could backfire.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Axon (AXON) beats Q3 revenue, earnings expectations; stock surges - Phoenix Business JournalThe company’s stock had already ended on a high note Tuesday, but its earnings report released after the markets closed sent its share price higher in after-market trading. Here's why the shares of the maker of nonlethal Taser products saw big gains.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Denver data center company expands Valley presence with new campus near Sky Harbor - Phoenix Business JournalThe Denver-based technology infrastructure company bought the land from Sunbelt Land Holdings in late October. Here's what the company plans to build.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Televerde names Silicon Valley exec Chris McGugan as new CEO - Phoenix Business JournalThe new CEO will lead Televerde, the Phoenix company that puts incarcerated women to work inside prisons as remote phone sales and marketing representatives for global corporate clients.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Google Fiber begins high-speed internet installations in Mesa - Phoenix Business JournalIn July, Mesa approved license agreements for Google Fiber and three more fiber-optic companies in the city’s attempt to bridge the digital divide. Business Journal Photo Editor Jim Poulin grabbed these shots of the fiber optic cable installation work.
Source: phxbizjournal - 🏆 254. / 63 Read more »