SBA

Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
Mnuchin Will Lobby For More SMB Money When First $350B Is Gone
April 01, 2020  |  Coronavirus

Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will go back to...

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SMBs Wary Of Stimulus Loans Without Returning Consumers
SMBs Wary Of Stimulus Loans Without Returning Consumers
March 25, 2020  |  Coronavirus

A debt trap may loom for the smaller businesses that desperately, and immediately, need access to capital. The impact will be most keenly felt by...

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SBA Automatically Defers Existing Disaster Loans To Help Borrowers
SBA Automatically Defers Existing Disaster Loans To Help Borrowers
March 23, 2020  |  Coronavirus

To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment...

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Senate Affirms Trump’s Jovita Carranza As SBA Chief
Senate Affirms Trump’s Jovita Carranza As SBA Chief
January 12, 2020  |  B2B Payments

President Trump has tapped Jovita Carranza to lead the Small Business Administration (SBA), a move confirmed by the Senate in a bipartisan 88-5 vote, The...

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SBA Promotes Credit Union SMB Lending
SBA Promotes Credit Union SMB Lending
June 06, 2019  |  B2B Payments

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions...

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Why Visa Took On Natural Disasters With Its SMB Week Hackathon
Why Visa Took On Natural Disasters With Its SMB Week Hackathon
May 09, 2019  |  VISA

There are approximately 30.2 million small companies open for business in the U.S. today, employing around 58 million American workers, according to the Small Business Administration...

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Patriot National Hits Regulatory Snag In SBA Platform Plans
Patriot National Hits Regulatory Snag In SBA Platform Plans
March 15, 2019  |  B2B Payments

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on...

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Alt Lender Fountainhead Secures SBA Loan License
Alt Lender Fountainhead Secures SBA Loan License
February 14, 2019  |  B2B Payments

Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. A press release issued on Wednesday (Feb. 13)...

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SMB Growth Stumbles Over Technology
SMB Growth Stumbles Over Technology
February 04, 2019  |  B2B Payments

While there’s been talk of an economic slowdown ahead, and declining optimism among the business community, the latest stats on small businesses (SMBs) are quite...

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