Thirteen banks have committed to increase lending by $20 billion to small businesses over the next three years.
President Obama announced today an initiative that cuts the time it takes for federal agencies to pay small businesses from 30 to 15 days.
While credit unions don’t have as many issues on Capitol Hill as they did last year, when lawmakers return from recess after Labor Day, there will be enough subjects that will keep industry officials and lobbyists actively prowling the halls of the Capitol.
This article is just one of the news, features and more that will appear in the Aug. 31 print edition of Credit Union Times.
The Small Business Administration has announced a new fund that will focus exclusively on providing capital to Michigan businesses.
New fund will focus exclusively on providing capital to Michigan businesses.
Announcement coming tomorrow, SBA says; few details released so far.
Patriot Express loans totaling more than $633 million have gone to more than 7,650 veterans starting or expanding small businesses since 2007.
Even with a 45% cut in its 2012 fiscal year budget proposal, the SBA said it will still be able to support small businesses.
Beginning Feb. 15, credit unions and other lenders in the SBA's preferred lender program will be able to approve the agency's new loans to aid underserved communities.