Small Business Administration Backed Financing Rose to $56 Billion in Fiscal Year 2024

Small Business Administration-Backed Financing Rose to $56 Billion in Fiscal Year 2024

Smaller loans made up for much of the additional funding.

Business - Inc. - 5 hours ago

SBA Depletes Disaster Loan Funds After Helene and Milton, Biden Says

Federal officials urged people to keep applying for the loans, which they said they would continue to process while awaiting more funding from Congress, which is not set to reconvene until Nov. 12.

Top stories - The New York Times - October 15

Small Business Administration out of disaster relief funds

The Small Business Administration, a key federal program that provides disaster loans, said it has run out of funds for new emergency loans following hurricanes Helene and Milton.

Lenders get creative to finance small businesses in developing markets

Start-ups use novel lending practices to extend credit to underserved groups

World - Financial Times - October 14

Harris announces record lending from Small Business Administration

With the economy the top issue for many voters, Vice President Kamala Harris is expected to announce record lending from the federal government to small business owners.

Judge Plans to Rule on Musk’s $56 Billion Tesla Payday by Year End

The contentious proceedings in Delaware’s Court of Chancery should be complete by the end of December, according to the judge’s letter to lawyers in the case.

Business - Inc. - 6 days ago

Small Business Administration disaster loan program exhausts funds after Hurricane Helene

The Small Business Administration said it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with Congress being in recess.

Small Business Administration pausing disaster loans, program out of money until Congress returns

The Small Business Administration has run out of the money it was using for loans to help business owners recover from Hurricanes Milton and Helene. CBS News congressional correspondent Scott ...

After six years of tariffs, small-business owners aren’t eager for more

Donald Trump wants to greatly expand import duties. Entrepreneurs who weathered his first round, which Biden largely left intact, say they’d have to raise prices to survive.

What America’s small businesses have to say about 2024 (and what they expect in 2025)

Small businesses employ about half of the workers in this country and generate nearly half of the nation’s gross domestic product. So with the election only a couple of weeks away, what’s their ...

Politics - The Hill - October 23

After so many lean years are once-mighty Lyon back in business? | Eric Devin

Pierre Sage’s men have won five matches in a row with Rayan Cherki and Malick Fofana to the fore. By Eric Devin for Get French Football News . Whisper it, but are Lyon back? If not to the ...

World - The Guardian - October 21

She Weathered Angry Comments and Attacks After a Visit From Kamala Harris. She Still Thinks Entrepreneurs Should Have a Voice in Politics

After Danielle Romanetti, the owner of Fibre Space, hosted Kamala Harris’s visit in 2021, she saw a $30,000 windfall—and a surge in troll attacks. How she suggests dealing with attention, even if ...

Business - Inc. - October 14

How to Build an Exceptional Small-Business Brand

Remember, the brand is what pays the bills.

Business - Inc. - October 19

The mates who have met for a pint every Thursday for 56 years

The group, who are all now in their eighties, have met for their catch-up for more than 56 years.

Biden Administration to Invest $900 Million in Small Nuclear Reactors

The decision to invest in small nuclear reactors will help the U.S. meet its emissions goals.

Business - Inc. - October 16

Boeing Seeks to Line Up Billions in Financing as Strike Goes On

The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.

Business - The New York Times - October 15

Potential Harris administration expected to flex pro-business muscle

Also in today’s newsletter, the IMF warns on tariffs and why Omaha could be pivotal to the US election

World - Financial Times - October 22

Biden administration announces $2 billion in funds to strengthen electric grid

The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. grid against extreme weather, an increasing concern following two ...

Politics - The Hill - October 18

Biden administration announces $3 billion for rural electric co-ops

The Biden administration announced more than $3 billion Friday in funding for seven rural electric cooperatives, part of a broader effort to promote renewable energy in rural areas. The grants ...

Politics - The Hill - October 25

Biden administration announces $2.4 billion for new rail projects

The Biden administration announced $2.4 billion in funding for new rail projects Tuesday. Officials are hoping the investment will spur new job opportunities for Americans as they undertake 122 ...

Politics - The Hill - October 30

U.S. budget deficit in fiscal 2024 swells to third-highest level on record

The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

Business - MarketWatch - October 19

This Mystery Shopping Company Just Became America’s Top Small Business

The U.S. Chamber of Commerce named mystery shopping and customer experience research platform Confero as the top small business of 2024.

Business - Inc. - October 17

3 Simple Ways Small Businesses Can Defend Against Cyberattacks

Small companies are increasingly in hackers’ crosshairs, but there are steps you can take to boost your security right away.

Business - Inc. - October 23

Can Harris’s Economic Plans Sway Small Business Owners to Vote Democratic?

Kamala Harris has leaned in with promises to aid start-ups, but proprietors are often more focused on taxes and regulations.

Business - The New York Times - October 29

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - October 29

How Google’s Ad Change Could Affect Small Businesses

The overhaul of Google Local Services means small businesses must be verified before their ads can run and be served on the popular digital ad platform.

Business - Inc. - October 30

Exclusive: SBA Certifies Record Number of Diverse-Owned Small Businesses

The agency has certified more than 17,000 diverse-owned small firms this year as part of a broader effort to expand access to federal contracting.

Business - Inc. - 3 days ago

Drive Growth With SEO: 3 Tips for Small-Business Owners

Why a solid SEO strategy sets successful online businesses apart—and how to develop one.

Business - Inc. - Yesterday

Oaktree-backed bank under court administration over mafia-linked loans

Milan prosecutor says there is evidence of state-guaranteed loans given to businesses connected to organised crime

World - Financial Times - October 24

Rep.-elect Sarah McBride is ready to ‘push back’ on a second Trump administration

Voters in Delaware elected the country’s first out transgender member of Congress on Tuesday, with NBC News projecting a win for state Sen.

Politics - NBC News - Yesterday

Harris says she's full of 'resolve,' urges supporters to accept election results

Vice President Kamala Harris addressed the nation on Wednesday after losing the presidential election to former President Donald Trump.

Intel seeks billions for minority stake in Altera business, sources say

This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.

Business - CNBC - October 18

China to boost financing for approved housing projects to $560 billion to counter property slump

China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry

World - ABC News - October 17

What the next four years might bring from the Trump administration

A second Trump term will begin with controversy, including his plan for a mass deportation of undocumented immigrants. The president-elect has called for doing away with parts of the government. ...

New workers' rights 'to cost firms £5bn a year'

Businesses will face additional costs over the measures which include boosts to sick pay and unfair dismissal rights.

Top German business leader recalls his days working with Trump: 'His administration was extremely receptive'

It is uncertain what Donald Trump's second presidency will look like, but his first administration was highly responsive to business issues, Joe Kaeser said.

Business - CNBC - 22 minutes ago

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