Borrowers and lenders of loans backed by the U.S. Small Business Administration will have greater access to capital and less paperwork as a result of a proposed regulation aimed at streamlining the SBA application process, while also strengthening oversight and the integrity of the agency’s loan programs. . The changes are the latest steps to [...]
Tag Archives | SBA
SBA Administrator Karen Mills’ Departure
Statement by President Obama on SBA Administrator Karen Mills’ Departure I want to thank Administrator Mills for her outstanding work on behalf of America’s small business owners and entrepreneurs. I asked Karen to lead the Small Business Administration because I knew she had the skills and experience to help America’s small businesses recover from the [...]
Business | SBA Loan Report for Region 9
The SBA’s Region IX office announced today that over 8,820 SBA loans were approved in FY 2012 for a total of more than $6.68 billion, outperforming FY 2011 activity by more than $265 million. Region IX led the way last year and this year in terms of SBA loan dollar volume, enabling the SBA to [...]
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Business | Report on America’s Agricultural Economy
Obama Administration Releases Report on America’s Agricultural Economy and Announces Commitment to Invest over $2 Billion in Rural Small Businesses President Obama will announce investments to help rural small businesses expand and hire. Home to some of the most diligent and self-reliant Americans, rural communities and our nation’s agriculture industry are vital contributors to employment [...]
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Business | Small Businesses Connect with Corporate Supply Chains
SBA Announces New Partnership to Connect Small Businesses with Corporate Supply Chains A new private-public collaboration will help small businesses strengthen their revenue streams by gaining access to more than $300 billion in combined supply chain spending by a consortium of 15 of America’s largest corporations, the U.S. Small Business Administration announced today. Supplier Connection, [...]
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Patriot Express “Business” Loans
SBA Patriot Express Loans Top $633 Million In just four years the U.S. Small Business Administration’s Patriot Express Pilot Loan Guarantee Initiative has provided more than $633 million in SBA-guaranteed loans to 7,650 veterans to start or expand their small businesses. Patriot Express, a pilot loan product, with streamlined paperwork, and based on the agency’s [...]
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Business | Winning the Future Forum on Small Business
Secretary of Labor Solis and SBA Administrator Mills on President Obama’s Winning the Future Forum on Small Business Secretary of Labor Hilda Solis and Small Business Administration Administrator Karen Mills held a conference call with Hispanic media today to review President Obama’s Winning the Future Forum on Small Business. At the forum, held yesterday in Cleveland, [...]
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