Treasury Department cites $1.5 billion increase from first quarter showing.
Over the last two decades, small and new businesses have been responsible for creating two out of every three net new jobs in the U.S., and the country’s 28 million small firms today employ 60 million Americans–half of the private-sector workforce.
The SBA has increased the small business size standard for the real estate, rental and leasing, educational services, health care social assistance sectors.
Agency seeking comment on proposal that would potentially allow 12,900 more firms to become eligible for its loan programs.
SizeUp compares businesses in same trade, provides geographic information, recommendations for advertising, prospective customers.
The $283 million Coast360 Federal Credit Union said it recently became the first financial institution on Guam to become an SBA Express lender.
Known locally for its butter burgers and frozen custards, Culver’s recently opened for business in Michigan thanks to financing from EECU.
Roughly one out of 10 immigrant workers are business owners with most turning to personal or family savings for startup capital.
Several banks were named top lenders by the SBA on Monday as it kicked off events to mark National Small Business Week.
Spring rains don't prompt sprout in business loan approvals.