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SBA Launches Growth Accelerator Fund Competition to Award $4 Million for Small Business Startups

SBA Launches Growth Accelerator Fund Competition to Award $4 Million for Small Business Startups

WASHINGTON – The head of the U.S. Small Business Administration (SBA) announced that for the second year, the SBA is launching an Accelerator Growth Fund competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each, totaling $4 million. The application period is from April 10-June 1 and Read more
Why Businesses Should Borrow Using Credit Cards

Why Businesses Should Borrow Using Credit Cards

By:  Ari Page I never advocate that anyone borrow just to borrow. But if you need capital to make payroll or invest in something that you know will reap a short-term profit, then you need access to capital. In the past few years, even though money has been tight, there have always been options. Banks [...] Read more
Category: Business, Financing
Impact Investment Fund Grows Threefold

Impact Investment Fund Grows Threefold

WASHINGTON–The U.S. Small Business Administration (SBA) announced today that the Impact Investment Fund of the Small Business Investment Company (SBIC) program has tripled in the last 12 months. “Capital investment in some sectors, geographies and industries is still lower than you would expect and like. Through the Impact Investment Fund, Read more
Category: Business, Financing
HUD-VA PROGRAM THAT SERVES HOMELESS VETERANS TO EXPAND INTO NATIVE AMERICAN COMMUNITIES FOR THE FIRST TIME

HUD-VA PROGRAM THAT SERVES HOMELESS VETERANS TO EXPAND INTO NATIVE AMERICAN COMMUNITIES FOR THE FIRST TIME

HUD-VASH vouchers in Indian Country will build on national effort to end Veteran homelessness WASHINGTON – Today the U.S. Department of Housing and Urban Development (HUD) announced that the HUD and U.S. Department of Veterans Affairs (VA) program that helps homeless veterans find permanent supportive housing will, for the first time, expand Read more
Freddie Mac Supported Industry With More Than $28 Billion Mostly Affordable

Freddie Mac Supported Industry With More Than $28 Billion Mostly Affordable

MCLEAN, VA—  Freddie Mac announced today that it had another strong year with $28.3 billion in loan purchase and bond guarantee volume for its multifamily business in 2014, up 10 percent from $25.9 billion the previous year. This was the second largest year of multifamily purchases in the company’s history. New business volume Read more
Disaster Funding Available: January 2015

Disaster Funding Available: January 2015

NEW YORK The U.S. Small Business Administration announced today that it will open Disaster Loan Outreach Centers (DLOC) in West Seneca on Wednesday, Jan. 7, 2015, and in Attica on Wednesday, Jan. 14, 2015. The location of the DLOCs will make it convenient for those affected by the severe winter storm that occurred Nov. 19 [...] Read more
BREAKING:  Fannie & Freddie To Fund Housing Trust and Capital Magnet Funds

BREAKING: Fannie & Freddie To Fund Housing Trust and Capital Magnet Funds

​​​The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to begin setting aside and allocating funds to the Housing Trust Fund and the Capital Magnet Fund pursuant to the Housing and Economic Recovery Act of 2008 (HERA).   HERA authorized FHFA to temporarily suspend these allocations, and FHFA informed Fannie Read more
HUD AND VA TEAM UP TO HELP ADDITIONAL 2,000 HOMELESS VETERANS FIND PERMANENT HOMES

HUD AND VA TEAM UP TO HELP ADDITIONAL 2,000 HOMELESS VETERANS FIND PERMANENT HOMES

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced the second round of housing assistance to help 1,984 homeless veterans find permanent supportive housing.  The rental assistance announced today is provided through the HUD-Veterans Affairs Supportive Housing Read more
SBA Has Record Breaking Year in Lending

SBA Has Record Breaking Year in Lending

WASHINGTON – The U.S. Small Business Administration 7(a) Loan Program reached a lending record in 2014, as announced today by SBA Administrator Maria Contreras-Sweet.  By the end of the fiscal year (Sept. 30), SBA had approved 52,044 7(a) loans for $19.19 billion, an increase of 12 percent in number loans and 7.4 percent in dollar amount [...] Read more
Veteran Entrepreneurs Honored by SBA

Veteran Entrepreneurs Honored by SBA

Washington, DC-The accomplishments of Veteran small business owners around the country were celebrated during National Veterans Small Business Week. U.S. Small Business Administration district offices and resource partners nationwide hosted more than 100 local events, including entrepreneurship training such as Boots to Business: Reboot classes, Read more
Category: Veterans
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