The Small Business Administration plans to step up its efforts to report more small-business owners delinquent on Covid-era ...

Under prior SBA Standard Operating Procedures, lenders were encouraged to apply a “do what you do” philosophy when approving ...

SBA loan defaults generally occur in two stages. The first is when the bank decides it won’t get its money back and asks the government for the guaranteed portion of the loan.

With SBA 7 (a) default rates hitting 3.7% and early defaults tripling since 2022, adjustments such as increased credit score thresholds are intended to protect the fund and improve loan outcomes.

Recent SBA loan changes usher in a return to stricter underwriting and a more rigorous application process.

The SBA plans to report more delinquent Covid EIDL borrowers to credit bureaus amid growing loan defaults and limited recovery efforts.

Whether you want to leverage debt for expansion or day-to-day operations, comparing many loan options is the way to find business financing with costs that don’t exceed your return on investment. To ...

As of Friday, Aug. 8, the SBA has provided more than $3 million to residents and $1.2 million to businesses through the Economic Injury Disaster Loan program.