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News Stories (16 Results) - Small Business Administration

Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a... Read Story
March 16, 2022, 07:52 AM

Tree Line Capital Partners announced the expansion of its lower middle-market direct lending platform adding a Small Business Investment Company (SBIC), an Austin, TX office and three new team members. 2020 presented significant volatility and market... Read Story
January 25, 2021, 08:13 AM

The American Institute of CPAs (AICPA) and over 80 additional organizations have expressed concern about the new Paycheck Protection Program (PPP) “Loan Necessity Questionnaires.” The questionnaires (SBA Forms 3509 & 3510) were recently established... Read Story
November 19, 2020, 08:15 AM

Wells Fargo & Company, one of the leading SBA (Small Business Administration) lenders in the U.S., announced that 38-year company veteran Don Fracchia has been named head of its SBA lending division. In this role, Fracchia will lead more than 400... Read Story
February 15, 2019, 07:15 AM

Opus Bank announced that Opus Equity Partners Opportunity Fund I, L.P. (“SBIC Fund”) has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment... Read Story
September 19, 2016, 07:43 AM

Oxer Capital, Inc. has launched Oxer BCP Mezzanine Fund, L.P., a Small Business Investment Company (SBIC) licensed by the U.S. Small Business Administration (SBA) and created to fill the capital needs of lower middle-market private... Read Story
May 09, 2016, 07:38 AM

Monroe Capital Corporation announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MCC SBIC”), has received approval for $75.0 million in additional debentures from the United States Small Business Administration (“SBA”).... Read Story
May 04, 2016, 07:44 AM

Tech CU (Technology Credit Union) announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant's purchase of a 112,000... Read Story
March 18, 2016, 07:53 AM

Opus Bank announced the Small Business Administration (“SBA”) has issued a “Green Light” letter inviting Opus to continue its application process to obtain a license to form and operate a Small Business Investment Company (“SBIC”).The SBA issued a... Read Story
August 31, 2015, 07:14 AM

Wells Fargo announced John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will lead a... Read Story
August 26, 2015, 08:02 AM

Reuters reported the U.S. Small Business Administration hit the $18.75 billion cap for its main loan guarantee program on Thursday, July 23, 2015 forcing it to halt the funding of new loans with more than two months left in the fiscal year.According... Read Story
July 27, 2015, 07:59 AM

Monroe Capital LLC announced that the U.S. Small Business Administration (“SBA”) has selected an investment fund managed by Monroe Capital as the Small Business Investment Company (“SBIC”) of the Year.The SBIC program was created by Congress in 1958... Read Story
April 21, 2015, 07:10 AM

Crestmark announced the expansion of their SBA loan products with the creation of a division focused entirely on national SBA finance. Crestmark has been offering SBA loans as a compliment to their core client base of small- to medium-sized... Read Story
May 02, 2014, 07:34 AM

TCP Capital Corp., a business development company ("BDC"), today announced that its wholly-owned subsidiary, TCPC SBIC, LP, has received final committee approval for a license from the United States Small Business Administration (the “SBA”) to... Read Story
April 03, 2014, 07:38 AM

Ward Mooney, CEO of Crystal Financial LLC, announced today that Crystal Financial SBIC LP has received a license from the Small Business Administration to form a Small Business Investment Company and has closed its first investment in this new fund. ... Read Story
January 29, 2014, 07:32 AM

BusinessUS has announced the hiring of 27-year SBA lending veteran Stephanie Bitters as Chief Credit Officer and Chief Operating Officer. Bitters joins veteran small business lenders Norris Lozano (CEO), Antonio “AZ” Zate, and Tara Johnson on the... Read Story
December 30, 2013, 07:29 AM