The White House says it has made it easier for small businesses to refinance debt. The Small Business Administration (SBA) announced a rule change Tuesday (Oct. 1) to its 504 Loan Program, which offers long-term, fixed rate financing for real estate and equipment with SBA-backed capital. “Coupled with...
Access to working capital is critical for the survival and growth of small businesses. And with the news from the National Federation of Independent Business (NFIB) Small Business Optimism Index released Tuesday (Aug. 13) that — despite ongoing cost pressures and macro headwinds — small and medium-sized...
When it comes to the business landscape, more money commonly equals, or creates, more opportunities. And with the news that the Small Business Administration (SBA) has started soliciting insights on a new pilot program within the 7(a) Loan Program designed to support small and medium-sized businesses (SMBs), putting...
The Small Business Administration (SBA) plans to launch a working capital pilot program featuring a newly structured line of credit for small businesses that is designed to give greater flexibility than a traditional term loan. The 7(a) Working Capital Pilot (WCP) Program will launch later...
November 11, 2022
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 understandably pessimistic, but it didn’t account for the sheer tenacity small business owners have repeatedly shown. As part of the SMB-TV series done in collaboration with PayPal, PYMNTS’ Karen Webster […]
September 25, 2020
With Main Street small- to medium-sized businesses (SMBs) suffering through a downturn more ruinous than any in living memory, many that make it will do so by accessing new customers...
September 11, 2020
Sept. 11, 2020, marks 225 days since the coronavirus was first declared a pandemic on March 11, lasting longer than most of the businesses on Main Street U.S.A. ever expected...
May 28, 2020
When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and paid for goods and services...
December 01, 2024
The White House says it is making it easier for underserved small businesses to get capital. The Biden administration announced in a news release Friday (Nov. 29) that the Small Business Administration (SBA) had increased the maximum loan amount backed by its Community Advantage Small Business Lending Companies (CA SBLCs) from $350,000 to $500,000 for […]
October 01, 2024
The White House says it has made it easier for small businesses to refinance debt. The Small Business Administration (SBA) announced a rule change Tuesday (Oct. 1) to its 504 Loan Program, which...
June 06, 2024
The Small Business Administration (SBA) plans to launch a working capital pilot program featuring a newly structured line of credit for small businesses that is designed to give greater flexibility...
June 04, 2024
The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million. The pilot program is designed...
