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SBA loans at record level

SBA loans at record level

Small business lending activity under the U.S. Small Business Administration’s 7(a) loan guaranty program set another national record in the last fiscal year, which ended Sept. 30. During that year, the agency approved 52,044 7(a) loans for $19.2 billion, an increase of 12 percent in the number of loans and 7.4 percent in dollar amount… Continue Reading SBA loans at record level

SBA makes 7(a) and 504 loans

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SBA makes 7(a) and 504 loans

The U.S. Small Business Administration approved more than $60.8 million in 7(a) small business loans to El Paso County businesses in the fiscal year ending Sept. 30. Of those, Wells Fargo was the largest lender at $14.3 million to 32 businesses. Next was Central Bank & Trust, with 16 loans made to the tune of… Continue Reading SBA makes 7(a) and 504 loans

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The U.S. Small Business Administration launched an initiative to invest $1.5 billion in cleantech and technology companies across the country. The SBA licensed the first nationally-focused Impact Investment Fund, SJF Ventures III LP and will make equity investments in cleantech and technology companies in communities nationwide as part of an initiative to invest up to… Continue Reading SBA will invest $1.5 billion in cleantech and technology companies

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The U.S. Small Business Administration has made changes in its lending program that makes it easier for small businesses to get a line of credit, said Dan Hannaher, who oversees Region VII, which includes Colorado. The newly reworked CAPLines program gives small businesses more flexibility to finance contracts, subcontracts and purchase orders, Hannaher said. The… Continue Reading SBA makes it easier for small businesses to get credit

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New SBA site features startup tools

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The U.S. Small Business Administration has launched a re-designed website. The site also features SBA Direct, a new web tool with a variety of features that can help small businesses start-up, succeed and grow. “With the launch of the new SBA.gov, we have reached a significant milestone in how the agency has evolved in using… Continue Reading New SBA site features startup tools

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