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… has paved the way for historic economic progress – over 12.7 million jobs created and a small business boom of 10.5 million new business applications in 2021 and 2022. At … SBA loans in-house through new technology starting August 1, 2023, which will ensure more lenders can focus on their …

… called “Accrual SBICs.” Accrual SBICs will be eligible for 1.25x tiers of leverage. The SBA will not participate in the … (AUM). Last year, SBICs invested $8 billion in more than 1,500 companies, which created and sustained over 103,000 …

… billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. Ten federal … 3% goal, reaching 4.6%. This achievement translates to $28.1 billion in procurement, reflecting a $3 billion spending … 26.5% Small Disadvantaged Business  5% $46.5  9.7% $51.6  10.3% $59.0  10.5% $62.4  11.0% $69.9 11.4% Service-Disabled …

… business access to capital by modernizing SBA’s signature 7(a) and 504 Loan Programs. Today’s loan program updates … 1, bringing many of the new policies into practice: SOP 50 10 7: Lender and Development Company Loan Programs    …

… backed by the federal government. The SBA backed more than 7,700 SBA loans to Latino-owned small businesses in Fiscal … 2020. Total loan dollars ($3.0 billion) are up nearly $1.4 billion since the start of the Biden-Harris … $3,006  Share (% of loans)   8.2%  8.4%  9.0%  7.8%  8.4%  10.0%  12.2%  Under the Biden-Harris Administration, the …

… Small Business Lending Company (CA-SBLC) licenses in the 7(a) Loan Program ensures that mission lenders, like CDFIs, … to capital by providing mission-oriented lenders access to 7(a) loans. The Pilot Program will sunset on October 31, …

… under the Biden-Harris Administration, with nearly $1.5 billion in lending. “Underinvestment in Black … in Fiscal Year 2023 through the agency’s signature 7(a) and 504 loan programs, well over double the number in … of the SBA’s lending portfolio rose from 3.5 percent to 7.6 percent. SBA 7(a) & 504 Loans to Black-owned businesses …

… years, Arkansas Capital Corporation has used the SBA 7(a) program to support small businesses in underserved areas … but now with this SBLC license, we can widen our SBA 7(a) footprint as well, expanding our services to rural and … Access to Capital Article ID 23-86 Release Date November 1, 2023 Article Type Archived news release U.S. Small …

… in the small business economy –  an increase of $15.7 billion from the previous fiscal year – and supports more  … $132.9   26.51% $145.7  26.02% $154.2   27.23% $162.9  26.50% $178.6  28.35% Small Disadvantaged Business 12% $51.6   10.29% $59.0   10.54% $62.4   11.01% $69.9  11.38% $76.2  …

… for formerly incarcerated individuals is approximately  $10,000 for the first year after release.  The rule change … and Reducing Recidivism Article ID 24-43 Release Date May 1, 2024 Article Type Archived news release U.S. Small …

… more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater … in a higher interest rate environment, by adding the 7(a) Working Capital Pilot Program to our suite of loan …

… of the Biden-Harris administration, there have been 18.1 million new business applications with an average 443,000 … Biden than Any President in American History Article ID 24-50 Release Date June 12, 2024 Article Type Archived news …

… Advantage (CA), the mission-driven component of the 7(a) Loan Program, by increasing the maximum loan amount and … small businesses with small, short-term loans — up to $50,000 — for working capital and other uses. The SBA accepts … of an application process for lenders to expand up to $1,000,000 generally or $2,000,000 for climate projects. The …

… borrowing costs for small businesses. In the  SBA’s 7(a) Loan Program , the agency’s other flagship capital … into approximately $360,000,000 in yearly savings for 7(a) borrowers. As  President Biden said earlier this month, … debt, either an existing SBA loan or other debt, using a 7(a) Loan. Small businesses that borrowed over the last year …

… Business $183.27   28.78% $178.62 28.35% $162.88   26.50% $154.24   27.23% Small Disadvantaged $78.10   12.26% $76.24   12.10% $69.93   11.38% $62.39   11.01% … $(B) FY20 % Asian American $8.55   1.34% $9.00   1.43% $7.50 1.22% $6.96   1.23% $6.89 1.23% Subcontinent Asian …