News Topic: SBA

An SBA watchdog's investigation into chicken farms may ensnare other small businesses. ... Read full article

Expanding SBA funding and providing additional Community Reinvestment Act credit could help boost female entrepreneurs. ... Read full article

A plan to bring in banks was created right after last summer’s hurricane devastation, but the magnitude of those storms, government dawdling on the issue and lenders’ reluctance to participate are key reasons zero loans have been made under the program. ... Read full article

OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions. ... Read full article

Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets? ... Read full article

The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure. ... Read full article

Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report. ... Read full article

The pilot could help the agency improve its image after past criticism of slow responses to catastrophes. ... Read full article

A decision to slash the equity required for most change-in-ownership loans could help the small-business lending program top its recent record. ... Read full article

TD Bank has pledged $3 million to provide credit counseling to small-business owners. The hope is that those owners will use commercial loans to replace personal credit cards and home equity as their primary forms of business funding. ... Read full article

Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending. ... Read full article

The agency and the National Association of Federally-Insured Credit Unions plan to boost efforts to get more credit unions involved with SBA lending. ... Read full article

The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma. ... Read full article

The long-term recovery for thousands of Texans whose homes were decimated by Hurricane Harvey rests with a Trump administration government outsider who wants his agency's budget cut by billions of dollars. ... Read full article

The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many bankers don't know it exists. ... Read full article

The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders. ... Read full article

First Home Bank raised nearly 20% more than it sought from investors, providing proof that Florida — especially the Tampa Bay area — is a hotbed of activity. ... Read full article

Deciding it had had enough of problem energy credits, Houston’s Green Bancorp shifted capital to Small Business Administration loans, increasingly popular among community banks because of the premiums they fetch from investors and Washington's ... Read full article