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CB&T still tops in local SBA loan market

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CB&T still tops in local SBA loan market

In the latest indication that Central Bank & Trust continues to dominate the local Small Business Administration loan market, the bank has received the SBA’s statewide “Small Lender Award for 2013.” So far this year, CB&T has completed 16 SBA-backed loans in El Paso County, totaling $9.2 million, far more than any other locally based… Continue Reading CB&T still tops in local SBA loan market

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Colorado Springs-based defense contractor Intecon won  the Prime Contractor of the Year award from the Colorado District Office of the U.S. Small Business Administration. Intecon LLC received the National and Region VII Prime Contractor of the Year award, which the SBA gives to “small businesses that have provided the government with outstanding goods and services as… Continue Reading Defense contractor wins national SBA award

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A major revision in the U.S. Small Business Administration’s Surety Bond Guarantee Program could equate to more help for small businesses. SBA now has tripled the eligible contract amount, from $2 million to $6.5 million, that the agency will guarantee on surety bonds for both public and private contracts. The higher surety bond guarantee limits… Continue Reading SBA triples surety bond ceiling, could help small businesses with larger contracts

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Colorado veterans are seeking and qualifying for U.S. Small Business Administration loans. In fiscal year 2012, ending Sept. 30, the Colorado District Office reported 68 loans to veterans for $26.4 million and 47 loans to disabled veterans for $23.8 million. In fiscal year 2011, there were 72 loans to veterans valued at $29 million and… Continue Reading Colorado veterans recieving millions in small business loans

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Every business has a story, and now they can use an online platform to share that story and showcase successes. The U.S. Small Business Administration launched “Small Business Owners Speak,” an interactive online site that features videos by business owners across the country who have started or grown a business with SBA help. The videos… Continue Reading SBA launches online platform for small biz success stories

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Wells Fargo, Bank of the West and US Bank National are the top Colorado lenders for SBA-backed loans. The Small Business Administration Colorado district office on Tuesday named the top performing lenders, based on the total SBA 7(a) loan approvals and dollar value for the first nine months of FY 2012. In Colorado, the top… Continue Reading Colorado SBA-backed loans on the rise, $269 million approved

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During the past two years, the SBA has been working directly with the private and public sector lending community to prepare loan products that are more responsive to the needs of small business. In particular, we exchange ideas with banks, credit unions, certified development companies, chambers and various lender associations, resulting in products that simplify… Continue Reading Small Business Administration simplifies loan process

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The Small Business Administration has simplified the electronic loan application process, making it easier for businesses to apply for disaster recovery assistance. “Our goal is to provide support for those rebuilding after a disaster, and we wanted to make the process more user-friendly,” said SBA Administrator Karen G. Mills. “Whether it’s a hurricane, tornado, earthquake… Continue Reading SBA simplifies loan application for disasters

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Mi Casa Resource Center is closing its Pueblo Women’s Business Center on June 30 after 12 years operating in the community. Ending the program is a result of a difficult economic environment, according to an email sent by the agency. “Many of the foundations, corporations and government agencies that Mi Casa has depended on for… Continue Reading Mi Casa to close Women’s Business Center in Pueblo

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ITT Exelis Information Systems is the U.S. Small Business Administration’s pick for best prime contractor. The company’s main headquarters are in Herndon, Va., and its mission systems division is headquartered in Colorado Springs. ITT Exelis Information Systems was selected by SBA as the national winner of the 2012 Dwight D. Eisenhower Award for Excellence, Research… Continue Reading ITT Exelis named by SBA a top prime contractor

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