Small Business Administration Archives - CFO

PPP Reopens With $284B for Small Business Loans

Credit & Capital

PPP Reopens With $284B for Small Business Loans

The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.

By Matthew Heller | January 11, 2021

Court Orders Release of PPP Borrower Details

Court Orders Release of PPP Borrower Details

The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.

By Matthew Heller | November 9, 2020

Wells Fargo Fires Over 100 Employees for Alleged COVID-19 Relief Fraud

Risk & Compliance

Wells Fargo Fires Over 100 Employees for Alleged COVID-19 Relief Fraud

The bank’s internal investigation found up to 125 employees applied for relief intended for small businesses.

By Lauren Muskett | October 15, 2020

Will There Be a Second Round of Paycheck Protection Loans?

Working Capital

Will There Be a Second Round of Paycheck Protection Loans?

Under proposed legislation, smaller businesses would be targeted, and they would have to show a 50% revenue drop.

By Vincent Ryan | July 20, 2020

New Bill Offers Second Loans to PPP Borrowers

Credit & Capital

New Bill Offers Second Loans to PPP Borrowers

“Congress must once again act urgently to support our most vulnerable small businesses through this crisis."

By Matthew Heller | June 19, 2020

SBA Clarifies PPP Loan Guidelines Amid Uproar

Credit & Capital

SBA Clarifies PPP Loan Guidelines Amid Uproar

New guidance from the SBA comes after a public outcry over large companies receiving hundreds of millions of dollars in loans.

By Matthew Heller | April 23, 2020

SBA Programs Hurt by Shutdown

SBA Programs Hurt by Shutdown

The government shutdown, now in its 28th day, is creating a backlog of loan approvals.

By William Sprouse | January 21, 2019

SBA 7(a) Program Runs Out of Money

Growth Strategies

SBA 7(a) Program Runs Out of Money

But Rep. Nydia M. Velázquez has introduced legislation to raise the small business loan guaranty limit to $23.5 billion.

By Katie Kuehner-Hebert | July 24, 2015

Small, Midsize Firms Favor Bank Loans for Capital Needs

Investment Banking

Small, Midsize Firms Favor Bank Loans for Capital Needs

Nearly 80% are unfamiliar with crowdinvesting and other new avenues for private financing.

By Matthew Heller | May 15, 2015

SBA Approves Record $19B in 7(a) Loans

Growth Companies

SBA Approves Record $19B in 7(a) Loans

The number of approved government-backed loans also rose, to 52,044, up 12%.

By Matthew Heller | November 6, 2014

SBA Extends Fee Relief on Small-Dollar Loans

Growth Companies

SBA Extends Fee Relief on Small-Dollar Loans

Working capital loans of $150,000 or less will incur no upfront guaranty fee or annual servicing fee.

By Matthew Heller | October 3, 2014

SBA Expands Loan Access

Risk & Compliance

SBA Expands Loan Access

A new Small Business Administration rule will make it easier for companies to secure government-backed loans.

By Marielle Segarra | April 4, 2014

Sunny Days in the Shadows for Nonbank Lenders

Sunny Days in the Shadows for Nonbank Lenders

Business development companies are thriving at middle-market lending. Should regulators be worried?

By Vincent Ryan | February 26, 2014

Obama Selects New Head of SBA

Risk & Compliance

Obama Selects New Head of SBA

The newly nominated chief of the Small Business Administration is a business founder, a community bank chairwoman and a Latina.

By Marielle Segarra | January 16, 2014

SEC Will Keep Its Doors Open (For Now)

SEC Will Keep Its Doors Open (For Now)

Even if Congress lets the U.S. government shut down, the Securities and Exchange Commission plans to continue to operate and stay fully staffed.

By Marielle Segarra | September 30, 2013