Tag Archives: lending
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
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