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Graves Introduces Bill to Modernize SBA Loan Process

The House Small Business Committee issued the following news release: House Small Business Committee Chairman Sam Graves (R-MO) today introduced legislation that will streamline and simplify the loan application process at theSmall Business Administration (SBA) by requiring the agency to permit the use of e-signature and electronic records. The Small Business Loan Simplification Act of 2014 would statutorily bring the […]

Fee waiver on SBA Express loan program set to expire

SBA Express Loan fee waiver set to expire! The Small Business Administration’s yearlong zero loan fee initiative, which waives borrower fees on SBA-guaranteed loans up to $150,000, will end Sept. 30, the last day of the 2014 federal fiscal year. “With borrowers eligible to save up to $2,250 with the fee waiver, this is a […]

Financial literacy basics for prospective small business owners

What should entrepreneurs be aware of before they decide to devote a considerable amount of time, effort and resources to a small business startup? Here are 10 financial literacy “hot buttons” for new entrepreneurs and prospective small business owners to consider: 1. Know your (and your family’s) tolerance for financial risk. There are no assurances […]