SBA-Backed Loans in FY2011 Surpass Highest Volume in Agency’s History
SBA has published a press release highlighting the significant increase in the volume of sba-backed loans. The agency credits the loan incentives presented by the Jobs Act as a major factor. Read more…
Small Businesses in the Delta are Receiving More Startup Loan Assistance
An economic study released has shown that the amount of small business loans made to businesses in the Delta have increased dramatically. The study, released by the Delta Regional Authority, notes that the loans funded have already exceed the loan... Read More →
The SBA Lending Arena is Changing
Many sources are reporting that the face of SBA lending is changing. The Orange County Register reports that more and more large banks are veering away from SBA lending while more small, community banks and non-bank lenders are becoming more... Read More →
SBA’s July Web Chat Will Focus on Home-Based Businesses
Bob Wright will be hosting next week’s SBA web chat focused on providing advice for home-based businesses. The chat will be held at noon on Thursday, July 28. Ask any questions you may have prior to the event on SBA’s website.
Advantage Loan Initiatives from the SBA
In an effort to stimulate economic growth and job creation in underserved communities, the SBA introduced two new initiatives this past February. The new Advantage Loan Initiatives offer a “streamlined application process for SBA 7(a) up to $250,000.” These programs... Read More →
National Small Business Week Kicks Off Today!
The U.S. Small Business Administration’s National Small Business Week gets started today in Washington, D.C. On Friday, the Small Business Person of the year will be announced, but not before three days of festivities recognizing the nation’s top entrepreneurs. This... Read More →
504 Rates Have Fallen – Great News for Business Owners!
The debenture rate for the U.S. Small Business Administration’s 504 loan product has dropped for the month of May. The 20 year debenture was at 5.9% in April; the 20 year debenture is now at 5.64%! The 10 year debenture... Read More →
Small Business Jobs Act to Boost Tax Deductions
Small business owners will benefit from significant tax deductions in 2010 and 2011 thanks to the Small Business Jobs Act which was recently signed into law. One aspect of the new law that small business owners are keen on is... Read More →
Arkansas Capital Corporation CEO Sam Walls discusses Small Business Jobs Act of 2010
Arkansas Capital Corporation CEO Sam Walls discusses Small Business Jobs Act of 2010 (Footage courtesy of KATV-7, Little Rock)
Arkansas Businesses Will Benefit from Small Business Jobs Act of 2010
Substantial SBA loan product enhancements will be available The Arkansas Capital Corporation Group’s Chief Executive Officer C. Sam Walls on Friday highlighted enhancements to the Small Business Jobs Act of 2010 which will have the greatest impact on Arkansas’s small... Read More →