SBA Expands Microloan Program

Nice to see that the SBA is taking our advice and expanding the microloan program with funds from the Recovery Act: With the American Recovery and Reinvestment Act funding an additional $50 million for loans and $24 million for technical assistance, the U.S. Small Business Administration is expanding its Microloan program and increasing access to [...]

Consensus Is…Money Is Available, Just Ask

I’ve been wondering how much truth there is in the current common wisdom that credit markets are “tight” or “frozen.” Small business owners might infer that this means it is difficult to get a loan. According to the latest newsletter from the SBA’s Office of Advocacy, the American Recovery and Reinvestment Act of 2009 provides [...]

Which Lenders Make SBA-Guaranteed Loans?

If you’re curious about what banks have historically distributed the most SBA small business loans and microloans, check out the latest report here. Note that this report is based on data collected in 2007 and 2008. The report provides data on the top institutions lending to small businesses in each state. …. The information is [...]