News Topic: SBA

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders. ... Read full article

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission. ... Read full article

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage. ... Read full article

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work. ... Read full article

The branch closures will reduce overhead by an estimated $1.9 million a year. ... Read full article

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits. ... Read full article

Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers. ... Read full article

Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans. ... Read full article

Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed. ... Read full article

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms. ... Read full article

The agency's 7(a) program had a small year-over-year decline, with bankers pointing to lender discipline and more borrowers qualifying for conventional loans. ... Read full article

Some lenders fear a moratorium on new participants, and other restraints, could be the beginning of the end for the agency's Community Advantage program. ... Read full article

The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of ... Read full article

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019. ... Read full article

The USAmeriBank deal was supposed to give Valley National Bancorp a bigger presence in Florida, but it did more than that — it provided a model for banking businesswomen that Valley can copy in its New York and New Jersey markets. ... Read full article

While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers. ... Read full article

A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks. ... Read full article

The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour. ... Read full article