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SBA lending rebounds
Lending is starting to flow again to small businesses. Two quarters ago, the number of SBA loans was down more than 50 percent from the previous year. But as the fiscal year comes to
Read More »SBA to offer debt relief in June
For Richmond businesses struggling to make monthly debt payments, a new Small Business Administration program could provide a lifeline. The emergency loan program will start accepting applications in mid-June, the agency announced Monday.
Read More »Small biz owners seek SBA loan help
Bernie Katz, Robert White and Michael Bucci have something in common. They all own small businesses and have had difficult experiences with bank financing. That prompted them to show up for a Wednesday morning
Read More »Q&A: Will banks start lending with a boosted Govn’t guarantee?
As part of the White House strategy to jump-start small business lending, the federal government increased the guarantee amount on loans backed by the Small Business Administration and eliminated fees. (Read about that here.)
Read More »Help on the way for SBA loans
The Small Business Association might not be searching for a new slogan, but it would do well to consider “get ’em while they’re hot.” The SBA loan, an often-used source of financing for startups
Read More »New businesses, where art thou
Businesses usually sprout during recessions – when laid-off workers give entrepreneurship serious thought – but the volume of new businesses in Richmond seems to be declining
Read More »More SBA-backed loans in Virginia going into default
The number of delinquent Small Business Administration-insured loans in Virginia is rising. Last week BizSense reported that bankruptcy filings for businesses and individuals is rising in Richmond. The SBA could not provide statistics in
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