Posts Tagged ‘SBA’

SBA guaranty loan amounts surpass pre-recession levels

by Published: October 21,2012

Tags: economic recession, guaranty loans, SBA, small business

Business lending in Mississippi backed by the U.S. Small Business Administration ended the year in amounts higher than pre-recession 2007, the SBA reports. The agency backed more loans in 2007 — 623 — but the amount of those loans totaled $107 million, compared to fiscal 2012‘s $132.4 million. The SBA guaranteed 442 loans in the […] [...]

October 1, 2012- Chuck McIntosh

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Anderson runs Can’t Be Beat Fence company like her family

Anderson named SBA’s Prime Contractor of the Year People who know Meredith Smith Anderson are probably not surprised at her selection as the Small Business Administration’s Prime Contractor of the Year for Region IV. As the managing member of Can’t Be Beat Fence and Construction, Anderson has led the limited liability company to stability and […] [...]

IMS Engineers has grown from three to 189 employees since being launched in 1996

Firm’s CEO named SBA’s Small Business Person of the Year It is no wonder that John D. Calhoun, Ph.D., CEO of Integrated Management Services (IMS) Engineers in Jackson, was recently selected as Mississippi Small Business Person of the Year by the Small Business Administration (SBA). Under Calhoun’s leadership, IMS Engineers in Jackson has grown from […] [...]

There’s a new bank in town

  Sam’s Club offering small business loans to many that banks will not   A small business owner walks into a Sam’s Club, picks up a year’s worth of pens and pencils, a truckload of printer ribbons and a few gallons of ketchup for the break room. But, she could use a little working capital, too. So, […] [...]

No stellar solutions for businesses

Despite availability of SBA loans, many small business owners may be down for the count Despite the offer of loans from the U.S. Small Business Association and small payments from BP, there are no good immediate economic solutions for Gulf Coast business owners who are suffering from revenue losses of more than 60 percent. State […] [...]

SBA disaster loan approvals top $1M

ACROSS MISSISSIPPI — More than $1 million in U.S. Small Business Administration (SBA) Disaster Assistance Loans have been approved for disaster survivors in Mississippi as a result of damages caused by severe storms, tornadoes and flooding that occurred April 23 – 24. “Currently, 18 disaster loans have been approved in the amount of $1,039,900 for […] [...]

Camgian earns HUBZone designation

STARKVILLE — Camgian Microsystems Corporation has received the U.S. Small Business Administration’s (SBA’s) HUBZone (Historically Underutilized Business Zone) designation. Camgian’s new SBA HUBZone designation will allow it to better serve the contracting requirements and needs within the federal market place. Established in 1997, the purpose of the HUBZone program is to provide federal contracting assistance […] [...]

SBA proposes higher surety bond guarantees

by Published: May 7,2010

Tags: disasters, SBA, small businesses

WASHINGTON — The U.S. Small Business Administration (SBA) has proposed changes, including higher surety bond guarantee limits, that will help construction and service sector firms secure larger contracts for work in areas impacted by disasters. The proposed changes include: • For a non-federal contract or order up to $5 million, a bond guarantee may be […] [...]

Obama approves extension of loan enhancements

by Published: April 20,2010

Tags: business loans, loans, SBA, small businesses

WASHINGTON — President Barack Obama has signed legislation providing $80 million in additional funding to continue enhancements in the U.S. Small Business Administration’s (SBA’s) two key small business loan programs. The enhancements, first made available under the American Recovery and Reinvestment Act, include a higher guarantee on some SBA-backed loans and small business fee relief. […] [...]

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