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Tag Archives: Karen Mills

Banks pledge $20 billion hike in lending to small business

Regions Bank, Wells Fargo and 11 other large banks have committed to increase lending for small businesses by a combined $20 billion over the next three years. The banks made the announcement at a press conference joined by Vice President Joe Biden and Small Business Administration Administrator Karen Mills John Asbury, head of Business Services for Regions, said Birmingham-based Regions ...

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SBA looking to boost small contractors' bonding limit

The U.S. Small Business Administration (SBA) has amended its regulations under its Surety Bond Guarantee program in an effort to give small contractors more bonding capacity in the wake of a disaster. However, three of Mississippi’s largest construction trade associations say this has never been a problem for its members. And some wonder if increasing bonding limits for contractors at ...

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