The U.S. Small Business Administration named Spell Capital Mezzanine SBIC Partners II of Minneapolis the 2020 Small Business Investment Company of the Year as part of National Small Business Week.
The U.S. Small Business Administration issued a “green light” or “go forth” letter inviting Hercules Capital to finalize its application process to obtain a license to form and operate a third small business investment company subsidiary.
Companies in bankruptcy do not have access to the Paycheck Protection Program, at least according to the letter of the law. However, the issue has become less clear as illustrated by the decisions in In re Hidalgo and In re Cosi Inc. Howard M. Berkower and Franklin Barbosa Jr. of McCarter & English take a closer look at those decisions and how their inconsistencies muddy the waters.
U.S. Bank ended the 2016 Small Business Administration (SBA) fiscal year on September 30, 2016 with $838 million in SBA loan volume, an increase of 7.9% compared to fiscal 2015.
Trinity Capital Investment launched a third fund, Trinity Capital Investment Fund III, which is expected to provide $600 million of additional capital
Opus Bank announced the Small Business Administration has issued a “Green Light” letter inviting Opus to continue its application process to obtain a license to form and operate a Small Business Investment Company.
For the third consecutive year Huntington Bancshares was named the nation’s third largest lender in number of 7(a) loans according to the SBA.
KeyBank said it has been selected as a partner bank in the pilot program of the U.S. Global Business Solutions initiative, an interagency effort launched by the SBA to expand the reach of federal government export assistance.
Plexus Capital, which provides growth capital to SMEs nationwide, announced it has been named the U.S. Small Business Investment Company of the Year 2013 by the Small Business Administration.