Small Business Administration

SBA to Debut Changes to Boost Small Business Access to Credit
SBA to Debut Changes to Boost Small Business Access to Credit
July 31, 2023  |  SMBs

Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements,...

READ MORE >
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
April 14, 2023  |  Digital Banking

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. Effective May 12, the agency is lifting the moratorium on licensing...

READ MORE >
SBA Will Expand Nation’s Women Business Centers Network
SBA Will Expand Nation’s Women Business Centers Network
March 27, 2023  |  SMBs

The Small Business Administration (SBA) is pledging more support to female entrepreneurs. President Joe Biden is set to announce the expansion of the SBA’s network...

READ MORE >
Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
December 14, 2022  |  SMBs

For Main Street SMBs, PPP business loans were once lifelines but now could become anchors. This, as the loans that were offered as federal aid...

READ MORE >
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
December 06, 2022  |  Fraud Attack

Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the...

READ MORE >
Entrepreneurial Agility and Innovation Could Make or Break SMBs’ Holiday Season
Entrepreneurial Agility and Innovation Could Make or Break SMBs’ Holiday Season
November 11, 2022  |  Retail

Recall the bleak summer of 2020, when you’d have thought Main Street small to medium-sized businesses (SMBs) would be extinct by year’s end. It was...

READ MORE >
Today in B2B Payments: 2 Banks Announce New Services for Businesses
Today in B2B Payments: 2 Banks Announce New Services for Businesses
September 02, 2022  |  B2B Payments

Today in B2B payments, Live Oak Bank adds 10 lenders to its general Small Business Administration (SBA) lending team, while ACI Worldwide’s former corporate online...

READ MORE >
Live Oak Bank Expands SBA Lending Program
Live Oak Bank Expands SBA Lending Program
September 02, 2022  |  B2B Payments

Live Oak Bank has announced that 10 lenders have joined its general Small Business Administration (SBA) lending team in the first half of 2022. These...

READ MORE >
Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues
Failed $16 Billion Rescue Program Hits Sour Notes For Music Venues
April 18, 2021  |  Economy

A $16 billion federal program designed to help performance venues and museums closed due to COVID-19 that was supposed to debut more than a week...

READ MORE >