Archive: Funding

Lawmakers Extend Tech R&D Program

Congress last night extended the life of a popular small business program that was set to expire at the end of this week. The Senate passed a bill that gives a new lease on life to the Small Business Innovation Research program, which is administered by the Small Business Administration...

By Sharon McLoone | March 18, 2009; 01:40 PM ET | Comments (0)

Small Business Players Struggle in Recession

Ryan Fochler, a successful small business owner in Arlington, had his line of credit killed by two major credit card firms overnight. "I was sick to my stomach," he said. Fochler has been unable to expand his pet-care business while he looks for a bank loan. He's not alone. Small...

By Sharon McLoone | December 9, 2008; 07:19 AM ET | Comments (0)

New Lending Program Evokes 'Cautious Optimism' in Small Biz Community

The chairwoman of the House Small Business Committee is cautiously optimistic about the move by the Federal Reserve today to provide up to $200 billion to investors who put the money toward small business and consumer lending. "There is cautious optimism that the new facility, which is long-overdue, will begin...

By Sharon McLoone | November 25, 2008; 12:07 PM ET | Comments (0)

SBA Offers Changes to Flagship Loan Program

The Small Business Administration has proposed two changes to its most basic and most used loan program designed to increase capital to small firms. The agency plans to allow banks offering the 7(a) loans to use a rate other than the prime rate when making loans. It also said loan...

By Sharon McLoone | November 11, 2008; 10:31 AM ET | Comments (0)

SBA Urges Banks to Offer Greater Loan Flexibility to Small Firms

The Small Business Administration today urged banks to offer more flexibility to small firms interested in a special long-term loan program as entrepreneurs and established small business owners find it difficult to succeed as sources of credit like home equity loans diminish. As traditional bank lending tightens in the nation's...

By Sharon McLoone | October 20, 2008; 01:01 PM ET | Comments (0)

 

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