Case Studies on SBA 504 Loans for Small Business Owners
As traditional bank lending tightens, independent small business lenders are seeking alternative financing solutions to offer their clients. One such product is the SBA 504 loan, designed to provide small businesses with long-term, fixed-rate financing for major fixed assets, such as real estate and equipment. This primer will guide independent lenders on the benefits, structure, […]
SBA Lending Surges as Banks Tighten Credit: A Lifeline for Small Businesses
In the face of economic uncertainties and tightening credit markets, the Small Business Administration (SBA) lending programs have emerged as a crucial source of capital for small businesses across the United States. Recent data suggests a notable uptick in SBA lending activity, partially attributed to the credit contraction faced by traditional banks. This article explores […]
USDA Makes Record-Breaking $14.3 Million Investment in Farm-to-School Grants
Grants will increase local foods in school meals and improve nutrition security for children WASHINGTON, July 15, 2024 – Agriculture Secretary Tom Vilsack today announced that USDA is awarding a record-breaking $14.3 million in Patrick Leahy Farm to School Grants to 154 projects in 43 states, the District of Columbia, Guam and Puerto Rico. These investments […]
Deadline Approaching in Colorado for SBA Working Capital Loans Due to Drought
SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today reminded small nonfarm businesses in 16 Colorado counties and neighboring counties in Utah of the Aug. 5, 2024, deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans are to […]
SBA Guarantee Fee: An Overview and Cost Breakdown
SBA guarantee fees help cover the SBA’s costs when a borrower defaults on a loan. Fees vary based on loan amount and repayment term. What is the SBA guarantee fee? Business lenders pay guarantee fees for loans they issue that are guaranteed under the SBA loan program. SBA guarantee fees are typically passed from the lender […]
USDA Business & Industry Guaranteed Loan Program: Empowering Rural Growth
Introduction The USDA’s Business and Industry (B&I) Guaranteed Loan Program is a pivotal initiative aimed at fostering economic development in rural areas. By guaranteeing loans, the USDA helps businesses establish, expand, or modernize their operations, thereby creating jobs, enhancing local economies, and promoting sustainable practices. Program Overview The B&I Guaranteed Loan Program is designed to […]
USDA Announces $100 Million Investment to Help Families Buy Food for Their Children During Summer Months
SUN Bucks program available in many states this summer WASHINGTON, July 10, 2024 – The U.S. Department of Agriculture today announced it is providing $100 million in grants to help states, Tribal Nations, and U.S. territories implement SUN Bucks – a new, permanent program that helps families buy groceries for their children during the summer. SUN […]
Toronto home prices rise as competition heats up in tight market
Sales up 44% from month before While prices were down nearly 15 per cent from the same time last year as demand buckled under the weight of interest rate increases, they were up more than one per cent from February, according to data from the Toronto Regional Real Estate Board. TRREB president Paul Baron said members at the […]
Vancouver-area home sales rebounded in May, real estate board says
VANCOUVER — The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. The B.C. board says Vancouver’s housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month. The board says sales for the month totalled 3,411, which was […]
