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SBA

FintechNews RoundupUSA
·Apr. 8, 2020

SBA Computer Issues Holding Up Small Business Loans

Small businesses are eager to get assistance from the $349 billion lending program for small businesses; it appears that businesses...
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FintechNews RoundupUSA
·Feb. 11, 2019

SBA Borrowers Share Frustrations Over Access to Credit During Shutdown

The House Small Business Committee heard from Small Business Administration borrowers who testified at a hearing last week; they discussed...
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FintechNews RoundupUSA
·Oct. 13, 2017

SBA Lending Continues to Grow

American Banker reports on the Small Business Administrations lending programs; loan volume for the 7(a) working capital program increased 5% in fiscal 2017 to $25.4 billion; the 7(a) program has increased by almost 70% since 2012; the 504 real estate program increased 6.3% over the prior year period; American Banker discusses the increase of loans to minorities, the biggest markets for SBA loans and the biggest banks in the space. Source

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FintechNews RoundupUSA
·Mar. 17, 2020

SBA Faces Resource Challenges to Support Small Businesses

The government is working to ensure that the Small Business Administration can offer small businesses up to $50 billion in...
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FintechNews RoundupUSA
·Jan. 9, 2019

Government Shutdown Effecting SBA Lending

According to industry experts some businesses are having to seek costlier options for loans since the SBA is unable to...
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