SBA

Keeping small businesses from overusing personal credit

10/17/17

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.

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Aggressive marketing, less red tape drive SBA boom

10/11/17

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.

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SBA deal with credit unions poses threat to banks

09/20/17

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

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SBA bypasses banks in hurricane recovery efforts

09/11/17

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.

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Harvey makes Trump rethink draining swamp at HUD

09/05/17

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.

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SBA's disaster program faces first real test in Harvey

08/30/17

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.

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Big banks kick small-business lending into high gear

08/09/17

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.

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What a small bank's stock offering says about the Florida market

07/19/17

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.

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How this former energy lender found its Plan B in SBA

07/06/17

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 increased commitment to the guarantee program.

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SBA lending gains popularity with thrifts in need of fee income

05/19/17

First Savings Financial in Indiana and Dime Community in New York are keen on making more SBA loans as a way to diversify revenue and generate fees through loan sales.

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