Small Business Administration Related Content

More Than 30% of Small Business Owners Applied for SBA Loans in 2022

According to a survey from Balboa Capital that asked small business owners about their Small Business Administration (SBA) loan borrowing practices and volumes in 2022, 31.25% of small business owners applied for SBA loans in 2022 and 61.9% of SBA loan requests were approved. read more

SBA Extends COVID-19 EIDL Application Deadline to Dec. 31, 2021

The U.S. Small Business Administration extended the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 pandemic disaster declaration to Dec. 31, 2021. The deadline extension comes as a result of the recent COVID-19 relief bill. read more

SBA Provides $28B Through Traditional Programs, PPP Delivers $525MM

The U.S. Small Business Administration provided fiscal year 2020 summary loan data, reporting that loans guaranteed through traditional SBA lending programs exceeded $28 billion while the Paycheck Protection Program provided an additional $525 million. read more

504 Loan Program Assists Nation’s Small Businesses with Record $1.28B Funding in September

The Small Business Administration (SBA) 504 Loan Program completed its largest monthly funding of loans in the program's 34-year history, including 1,462 loans for nearly $1.3 million — more than double the previous record set in September 2012. read more

SBA, Treasury Launch Loan Forgiveness App, AICPA Says it Leaves Many Questions

The Treasury Department and Small Business Administration released a loan forgiveness application form for the Paycheck Protection Program, but the AICPA said it fails to address outstanding issues and does not provide enough flexibility for those who receive funds. read more

AmurEF Approved as SBA Paycheck Protection Program Lender

Amur Equipment Finance has been approved by the U.S. Small Business Administration to serve as a lender under the Paycheck Protection Program. read more

FNB Processes $2.6B in SBA PPP Loans

FNB Corporation has processed more than 18,000 SBA PPP loans, representing approximately $2.6 billion in direct relief to small businesses. read more

Customers Bank Supports SBA Disaster Relief Lending

The Small Business Administration will provide up to $2 million in disaster recovery loans to companies severely affected by the Coronavirus. read more

First Internet Bank Adds Gala as Senior Business Development Officer

Greg Gala joined First Internet Bank’s Small Business Administration (SBA) Lending team as vice president, senior business development officer. read more

Huntington Ranks #1 for SBA Loan Origination by Volume

For the second year in a row, Huntington Bank ranked as the nation's largest originator by volume of SBA 7(a) loans based on figures at the close of SBA fiscal year 2019 read more

Seacoast Commerce Hires Jung as SVP, SBA/BDO

Seacoast Commerce Bank hired Jay Jung as senior vice president and Small Business Administration business development officer in Dallas. read more

Huntington Bank Increases SBA Loan Production in Fiscal Q2/18

Huntington Bank expanded its Small Business Administration (SBA) 7(a) lending in fiscal Q2/18, with a 27% increase in loan originations and a 32% increase in dollars lent. read more

Dime Community Receives Approval to Launch SBA 7(a) Program

Dime Community Bank has been approved as a SBA lender and will offer loans under the SBA 7(a) program. read more

Trinity Capital Investment Launches New SBIC Fund

Trinity Capital Investment launched a third fund, Trinity Capital Investment Fund III, which is expected to provide $600 million of additional capital. read more

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