Posts Tagged ‘SBA’

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. […] [...]

SBA loan awards on record pace

by Published: April 19,2010

Tags: loans, SBA, small businesses

ACROSS MISSISSIPPI — The Mississippi District of U. S. Small Business Administration (SBA) reached a milestone in mid-April, having guaranteed 700 loans valued at $130.7 million thus far in fiscal year 2010. “We’re fast approaching another record year in the number and dollar volume of loans guaranteed,” said Mississippi SBA District director Janita R. Stewart. […] [...]

SBA warns of uptick in loan scams

by Published: April 7,2010

Tags: lending, SBA, scams, small businesses

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 […] [...]

SBA loan extension becomes law

by Published: March 30,2010

Tags: business lending, SBA, small business, stimulus

WASHINGTON — President Barack Obama has signed legislation extending through April the U.S. Small Business Administration’s (SBA’s) ability to provide enhancements in its two largest 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 fee relief. The SBA estimates […] [...]

Section 8(a) is not a business start-up program

John Calhoun and Rod Hill founded their Jackson-based engineering firm in 1996. The only employees they had back then were themselves. Today, Integrated Management Services (IMS) employs over 200 and maintains offices in Greenville, Memphis, New Orleans and Detroit.  Annually, the company manages construction projects with values that exceed $1 billion. Calhoun gives much of […] [...]

SBA proposes new rule for female entrepreneurs

WASHINGTON — The U.S. Small Business Administration (SBA) has released a proposed rule aimed at expanding federal contracting opportunities for women-owned small businesses (WOSB). The proposed rule is available for public comment for 60 days. This proposed rule identifies 83 industries in which WOSBs are under-represented or substantially under-represented in the federal contract marketplace. This […] [...]

Obama extends SBA’s special loan provisions

by Published: March 4,2010

Tags: loans, Obama, SBA, small businesses

WASHINGTON — President Barack Obama has signed legislation extending until March 28 the U.S. Small Business Administration (SBA’s) ability to provide small business loans that are enhanced with special provisions of the American Recovery and Reinvestment Act (ARRA), including a higher guarantee of SBA-backed loans and a waiver of loan fees normally paid by borrowers. […] [...]

Q&A: Janita R. Stewart, SBA Mississippi District Director

by Published: February 21,2010

Tags: Janita R. Stewart, Q&A, SBA, Small Business Administration

The role of the SBA Helping small business when it needs it most Janita Stewart is Mississippi district director for the Small Business Administration in Jackson.  She recently sat down with the Mississippi Business Journal’s Nash Nunnery to discuss the SBA and other topics relating to small business in our state. Q – What exactly […] [...]

President wants SBA loan expansion

WASHINGTON — In an effort to create more jobs, President Barack Obama will ask Congress to temporarily expand two lending programs for the owners of small businesses, an administration official said Friday. Speaking on the condition of anonymity because the president hadn’t yet announced the proposal, a White House official said the plan would temporarily […] [...]

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