Tagged: small business administration

SoFi Teams Up With SpotOn to Connect Small Businesses with Federal Stimulus Loan Programs

SpotOn Transact, Inc (SpotOn), a software and payments company, announced on Tuesday it has formed a new partnership with fintech unicorn SoFi to provide financial products to small businesses during the COVID-19 pandemic. According to SpotOn, the collaboration will help small businesses by bypassing the… Read More

SBA Has Lent $48.5 Billion in First 24 Hours of Round Two of Paycheck Protection Program

The Small Business Administration (SBA) has processed $48.5 billion in the first 24 hours of the second round of the Paycheck Protection Program (PPP). The SBA lending platform has struggled to maintain pace of the demand and crashed during the early hours as banks and… Read More

Fintech Firms Intuit and PayPal Approved by SBA to Distribute Funds as Part of US Emergency Lending Program, Following Coronavirus Outbreak

Fintech firms Intuit and PayPal have been approved by the Small Business Administration (SBA) to distribute funds, which are part of the US organization’s emergency lending and relief program. The funds are being given to businesses in order to help them sustain their operations, following… Read More

NYMBUS to Help US-based Financial Institutions with Effectively Responding to Economic Instability Following Coronavirus Outbreak

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

SBA: It’s All About Jobs and Small Business is the Engine of Growth as 1.8 Million Net New Jobs Have Been Added

Small businesses create the majority of jobs in the US – just like many other developed economies. With jobs comes wealth and prosperity. If this job creation engine shuts down, as we have seen in the last recession, its a disaster. According to the US… Read More

US Small Business Administration Publishes Report on Small Business Equity Crowdfunding under Reg CF

The US Small Business Administration (SBA), Office of Advocacy, is out with a report reviewing the status of small business crowdfunding. According to the SBA, equity crowdfunding was particularly popular among very young firms. Nearly a third of firms were six months or younger when… Read More

SBA Unveils New Lender Match Tool to Connect Small Businesses & Lenders

Last week, Administrator Linda McMahon, head of the U.S. Small Business Administration, announced the launch of Lender Match, the SBA’s online referral tool connecting small business borrowers with participating SBA lenders.  Lender Match is an upgrade to LINC (Leveraging Information and Networks to access Capital), which was… Read More

Q&A: Stephen Sheinbaum, Founder Of Merchant Cash and Capital, Talks Bizfi And The Future of Banks (Hint: There Is One)

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

Dealstruck Compares Loan Options for Small Business Owners (Infographic)

The signature scent of January is optimism: We will avoid processed food, learn Mandarin Chinese and log at least nine miles before dinner (likely wild salmon atop a quinoa-kale salad). But New Year’s resolutions become realities after taking the first step, whether it’s learning how… Read More

Brief: Small Business Administration Schedules Crowdfunding Primer Event

The Small Business Administration (SBA) has scheduled a crowdfunding marketing basics event to be held in San Francisco in January.  The event is described as an educational effort for people looking to crowdfund their product or service.  The class is being taught by “volunteer presenter”… Read More

SEC & SBA Will Partner on JOBS Act Events: Capital Raising Options for Small Business

The US Small Business Administration (SBA) and the Securities and Exchange Commission (SEC) have decided to work together to spread the word on the JOBS Act and new options to raise capital for small businesses.  The JOBS Act legalized various forms of investment crowdfunding including:… Read More

SBA Office of Advocacy Requests Redo by SEC on Crowdfunding Regulations

Office of Advocacy Invokes Act That Requires SEC to Consider Impact on Small Business. If first you don’t succeed… In a brief but much needed comment letter, dated January 16, 2014, the Office of Advocacy (Advocacy) of the Small Business Administration (SBA) asked the Securities… Read More

SBA Roundtable on Crowdfunding Scheduled for Next Week

The Small Business Administration has scheduled a Small Business Roundtable on Crowdfunding. The event will be taking place on Wednesday, January 15, 2014 at the SBA offices in Washington, DC.  As previously reported the two hour meeting will feature prominent Securities Attorney and Crowdfund Insider columnist… Read More

SBA Crowdfunding Roundtable Announces Agenda, Features Samuel S. Guzik

California based Securities Attorney Samuel S. Guzik has been scheduled to lead the Small Business Administration (SBA) Crowdfunding Roundtable scheduled for January 15, 2014.  The event is open to the public and will be held at the SBA offices in Washington, DC.  Guzik, a noted… Read More

SBA Schedules Roundtable on Crowdfunding for January 15th

The Small Business Administration, Office of  Advocacy, has scheduled a roundtable discussion of crowdfunding for Wednesday, January 15, 2014 from 10:00 a.m. – 12:00 noon.  A call in option is expected to be available as well. The Small Business Roundtable on Crowdfunding will be held at the U.S. Small… Read More

IT’S THE JOBS ACT, STUPID!

Still Time to Comment on SEC’s Proposed Regulation D General Solicitation Rules? On July 10, 2013, the SEC issued its final rules allowing general solicitation and advertising in unregistered private placements, provided all of the investors were accredited, effective September 23, 2013.  However, on the… Read More

Small Business Administration (SBA) to Host Webinars on Crowdfunding

The U.S. Small Business Administration will host a series of webinars in recognition of the seventh annual National Entrepreneurship Week.  The emphasis will be on how the next generation of small business owners can leverage crowdfunding as an alternative finance option to start and grow their businesses. WHEN:         February… Read More

Start Up Culture Needs Crowdfunding Reboot

There was an article published on Business Insider recently by James Pethokoukis from the American Enterprise Group talking about how public policy is stifling entrepreneurs in the United States.  He had some pretty interesting information to back up this statement. First lets look at some… Read More

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