Small Business in the News: January 1-6, 2017

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for January 1-6, 2017.

Online Lending Rated for First Time in Annual SEC Report

The Securities and Exchange Commission’s annually publishes a report on “nationally recognized statistical rating organizations (NSROs),” and for the first time ever, online lending is being recognized in the report. The reference is indicative of the emerging importance of securitization for online lenders. Read more…

Businesses Can Refinance Properties With Government-Backed Loans

Business owners can refinance properties with government-backed loans under Linda Mcmahon’s (head of SBA in the Trump administration) SBA. Government-backed loans offer benefits to both lenders and owners, such as more favorable terms, lower down payments, and long repayment terms. SBA loans can be used for retail, hospitality, manufacturers, and many other property types as well. Read more…

Babson Reveals Impact of Goldman Sachs 10,000 Small Businesses

The third report on Goldman Sachs 10,000 Small Businesses by Babson has been released, summarizing the progress of more than 3,500 U.S. small business owners who completed the program. The third report is unique because it now includes data for participants 30 months after completing the program. Key results show that small business participants grow their revenues and create jobs at a rate that outperforms the economy. Read more…

Top 13 Nonprofit Microlenders for Small Business

The list of the top 13 nonprofit microlenders was chosen based on information from the U.S. Small Business Administration and the Aspen Institute. The top three lenders are: the Aspen Institute’s FIELD program, Grameen America, and LiftFund. Read more…

Barclay App to Fund Business Loans With One Hour

Barclays announced a new service through their app that can help small business owners access loans in less than an hour in some cases. This makes it the first UK bank to approve and transfer loans to SME accounts through the mobile app. Read more…

 

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