MENDENHALL — It took an independent community bank to earn the State of Mississippi’s first honor as a National Lender of the Year as named by the U.S. Small Business Administration (SBA). Mendenhall-based Peoples Bank has been selected by the SBA to receive the Small 7(a) Lender award. This national award is presented to lenders [...] [...]
JACKSON — Although only half through its fiscal year, the Mississippi U. S. Small Business Administration has already set a new lending record. On March 31, 460 loans were approved totaling $198,448,900. “That’s far more than the $123,422,551 small businesses received from Oct. 1, 2009 to March 31, 2010,” said Janita R. Stewart, SBA’s Mississippi [...] [...]
WASHINGTON — U.S. banks are failing at the fastest rate in two decades. No, the financial crisis hasn’t returned. Wall Street doesn’t need another bailout. But in communities around the country, 143 banks have collapsed so far this year – more than all of last year. This time, the failed banks are smaller, on average, [...] [...]
WASHINGTON — The U.S. Small Business Administration (SBA) is warning small businesses to use caution if they are contacted by firms offering to help them apply for funds available through SBA programs. SBA and SBA’s Office of the Inspector General (SBA OIG) have received several complaints from small businesses about abusive marketing practices, scams and [...] [...]
WASHINGTON — The U.S. Small Business Administration (SBA) announced proposals aimed at strengthening opportunities for disadvantaged small businesses to benefit from its 8(a) Business Development program. The proposed 8(a) regulation changes are the result of the first comprehensive review of the 8(a) program in a number of years and were published in the “Federal Register.” [...] [...]
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