Inside The Small Business Administration’s New Working Capital Pilot Program

The SBA has launched a new Working Capital Pilot Program. Representatives from the SBA discuss the program’s origin and development, lender and borrower requirements, and how the program will bring new lenders to the ABL market while complementing the product offerings of existing ABL and working capital lenders.

October 9, 2024 ABL market | Daniel Pische | Ginger Allen | Kathryn Frost | OCA | Office of Capital Access | Office of International Trade | OIT | SBA | small and medium sized enterprises | Small Business Administration | SME | WCP | working capital | Working Capital Pilot Program Rita Garwood

Twain Private Credit Receives Federal Approval for New SBIC from SBA

Twain Private Credit launched its Truman Fund following approval from the U.S. Small Business Administration (SBA) for a new Small Business Investment Company (SBIC) license.

August 15, 2024 Mack Renner | SBA | Small Business Investment Company | Tony David | Truman Fund | Twain Private Credit | U.S. Small Business Administration | Wade Smith Brianna Wilson

Flushing Bank Expands Small Business Support with Addition of Specialized SBA Team

Flushing Financial, the parent holding company for Flushing Bank, added a dedicated team to expand SBA lending nationwide. This initiative underscores the company’s commitment to fostering economic growth and providing tailored financial solutions to small businesses.

May 7, 2024 Flushing Bank | Flushing Financial | John Buran | John Millwood | Kevin Ferryman | SBA Brianna Wilson

Briar Capital Delivers $6MM Real Estate Loan to Texas Metal Fabrication Shop

Briar Capital Real Estate Fund provided a $6 million real estate loan to a Texas-based metal fabrication and machine shop. The loan consists of a $5 million term loan and a $1 million revolving line of credit, both secured by the company’s real estate as collateral.

January 14, 2021 Briar Capital Real Estate Fund | SBA Phil Neuffer

SBA Names Leader Bank Massachusetts Lender of the Year to Minorities

Leader Bank was recognized for the second year in a row as the Lender of the Year to Minorities by the Massachusetts office of the U.S. Small Business Administration.

January 12, 2021 Leader Bank | SBA | Sushil K. Tuli Phil Neuffer

SBA Names Leader Bank MA Lender of the Year to Minorities

The Massachusetts office of the U.S. Small Business Administration named Leader Bank the 2019 Massachusetts Lender of the Year to Minorities.

November 29, 2019 Leader Bank | SBA nadine

Axiom Bank Promotes Amatuccio to VP, SBA Manager

Axiom Bank promoted Scott Amatuccio to vice president, SBA manager.

August 27, 2018 Axiom Bank | SBA | Scott Amatuccio ABF Journal

Dime Community Receives Approval to Launch SBA 7(a) Program

Dime Community Bank has been approved as a SBA lender and will offer loans under the SBA 7(a) program.

August 14, 2017 Dime Community Bank | SBA | SBA 7(a) Program | Small Business Administration Sam Nickerson

SBA Honors Top Lenders

Three banks, two certified development companies and two Small Business Investment Companies received recognition by the SBA, as they were named 2013 Lenders and Investment Companies of the Year.

June 24, 2013 National Small Business Week | SBA ABF Journal

Celtic Bank Closes CAPLine for Metals Manufacturer

Celtic Bank closed a $5 million SBA working capital CAPLine for a metals manufacturer and wholesaler located in Philadelphia, PA. The working capital line provides for advances on eligible accounts receivable up to 80%.

January 31, 2013 Celtic Bank | Metals Manufacturer Salt Lake City | SBA ABFJ News