In the realm of business finance, choosing between fixed and variable rate loans can significantly impact long-term financial stability. While variable rates fluctuate with market conditions, fixed interest rates offer predictability and security over an extended...
Grace Ballet & Acrobatics Studio, owned by Anna Johnson, has successfully operated for two decades, and with the assistance of the SBA 504 Loan Program, she was able to lock in a lower fixed interest rate to increase profit margins and create stability. Grace...
For more than 50 years, the U.S. Small Business Administration (SBA) has celebrated National Small Business Week, which recognizes the critical contributions of America’s small business owners. This year, National Small Business Week takes place April 28 – May 4,...
The Small Business Administration (SBA) will increase its business size standards effective March 18, 2024. Eligible businesses will now include those with a Tangible Net Worth of not more than $20 million (up from $15 million), and Average Net Income...
For banks interested in obtaining CRA Credits, there are new changes ahead that will make it easier! On October 24, 2023, the Federal Reserve, the FDIC, and the OCC issued a Final Rule amending the agencies’ Community Reinvestment Act (CRA) regulations. The agencies...
There are many benefits to working with a Small Business Development Center, or SBDC for short. Here are just a few of the many benefits they provide… 1. Objective Feedback and Advice– from small business experts focused on YOUR best interests The SBDC...
