SBA Guaranty Fee Waived for FY 16!

For 504 loans approved during FY16: The one-time guaranty fee that SBA is authorized to charge 504 borrowers will be reduced to zero in FY16. The annual fee is reduced to 0.914 percent (91.4 basis points) of the outstanding balance of the loan.  

Shaheen Introduces Energy Efficiency Act

At a Senate Small Business Committee hearing yesterday, Sen. Shaheen discussed the great work the 504 program already does in energy efficiency and the ways this bill will help expand those opportunities.

New Appraisal Update Parameters

For loans used to finance new construction or substantial renovation of an existing building, SBA has added the general contractor, project architect, and construction management firm, (in addition to existing appraiser) as qualified providers of statements affirming that a building was built with only minor deviations (if any) from the plans and specifications upon which […]

April is National Financial Capability Month

According to the findings of a 2014 Intuit study (link is external), more than 40 percent of U.S. small businesses consider themselves financially illiterate. Yet, 81 percent handle their business’ finances. April is National Financial Capability Month, so now is a great time for small businesses and aspiring entrepreneurs to brush up on their financial […]

Upcoming Webinars

Webinars for Women Entrepreneurs How to Take Your Woman-Owned Small Business Global With almost 300,000 small businesses currently exporting – and responsible for a third of last year’s record $2.345 trillion in U.S. exports – now is an ideal time to use the SBA’s export loan programs to take your business global. Join our webinar […]

Mentor-Protégé Opportunities

The U.S. Small Business Administration (SBA) recently published a proposed rule to amend its regulations to establish a government-wide Mentor-Protégé Program for all small businesses

SBA Hosts Weekly Webinars for Women Entrepreneurs

  SBA Hosts Weekly Office Hours Webinars for Women Entrepreneurs on Women-Owned Small Business Women business owners are invited to learn more about increasing opportunities for women entrepreneurs in the federal contracting arena through free Office Hours Webinars hosted by the U.S. Small Business Administration each Tuesday and Thursday through June 26 at 2 p.m. […]

Colorado Springs hosts NADCO Annual Meeting

  Pikes Peak Regional Development Corporation and the National Association of Development Companies (NADCO), representing SBA lenders including the nation’s SBA Certified Development Companies, is welcoming  SBA Administrator Maria Contreras-Sweet at NADCO’s Annual Meeting at the Historic Broadmoor Hotel in Colorado Springs, CO.  This meeting brings together SBA lending leaders and senior SBA officials. […]

Roundtable discussion on REAL 504

  Small business owners, the National Association of Development Companies (NADCO), the US Small Business Administration (SBA) officials and elected leaders will gather to discuss the Real Estate Advantage Loan (REAL 504) program and its necessity for growing Colorado’s economy. The roundtable will specifically address how small businesses in Colorado have benefited from the REAL […]

SBA’s new administrator starts working even before the swearing-in ceremony

  Maria Contreras-Sweet hit the ground running on her first day as head of the Small Business Administration, meeting with the agency’s disaster assistance team and veterans organizations hours before she was even sworn in for her new post. View full article