SBA 7(a) Loan · An SBA 7(a) loan is the most basic and most used type loan of the Small Business Administration’s (SBA) business loan programs, which includes financial help for businesses with special requirements. Use · Business property purchase · Leasehold improvements · Refinance of existing business debt · Business acquisition · Equipment purchase · Term · 25 years – business property purchase or refinance of eligible business property. 10 years – business acquisition...
The Texas Small Business Credit Initiative (TSBCI) Program web portal is open for applications from financial institutions interested in participating. As financial institutions are accepted into the program, they will be added to a listing accessible under the Resources section of this webpage. The TSBCI Program supports small business growth and helps create new jobs through increased access to small business funding. The program assists all small businesses but focuses on traditionally marginalized and those that have been impacted by the CO ...
Last month, the Small Business Administration issued guidance in response to the public uproar over the loans, saying that... Applied Optoelectronics, a Texas-based maker of fiber-optic...
A Texas judge on Monday ruled that many lenders need not comply with a Consumer Financial Protection Bureau (CFPB) mandate to gather demographic data on small business borrowers while the U.S. Supr...
Texas dominates the list of best states for growing a small business according to Forbes, CNBC, and Thumbtack. Whether acquiring a business or buying out a partner, starting a franchise or refinanc...
After drawing ire from smaller businesses and some lawmakers, the network of hotels run by prominent Texas Republican donor Monty Bennett will be returning the $76 million it received in coronavirus disaster funds. In a statement released Saturday, the Dallas-based hotel network said it would give up all the funds it had received from the government’s Paycheck Protection Program. Three related companies — Ashford Inc., The Ashford Hospitality Trust and Braemer Hotels & Resorts — had emerge...
Accion Opportunity Fund provides financial support and loans for small businesses that advance racial, gender, and economic justice for all. Learn more.
The Small Business Administration, which oversees the lending program, had approved more than 4.5 million PPP loans worth... in Texas and Tennessee, during the meeting. “We’re just...
As of Tuesday at 1pm EST, the Small Business Administration (SBA) says 1.1 million loan... PPP loans through small community banks, and have received the funds. These businesses are, so far...
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