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SBA

Biden Administration Expands SBA Pilot Program Targeting Access To Capital for Underserved Entrepreneurs

WASHINGTON DC - The Biden Administration announced impactful reforms to the Small Business Administration's Community Advantage loan program, a key SBA tool for Community Development Financial Institutions, Community Development Companies, microlenders and other critical mission-based lending partners, that prioritizes equitable access to capital for low-income borrowers and those from underserved communities. “America’s mission-driven lenders have

By |2022-04-03T17:14:22-04:00April 3rd, 2022|Entrepreneurs, Small Business Association of Michigan|
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SBA Simplifies Loan Forgiveness For Paycheck Protection Program

WASHINGTON DC - The U.S. Small Business Administration released a simplified loan forgiveness application Thursday for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to the more than 100,000 small businesses here in Michigan that have received PPP loans to date.

By |2020-10-15T17:31:04-04:00October 15th, 2020|Politics, Politics/Government|
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Financing Expert Cuts Fees To Help Businesses File For SBA Injury Disaster Loan RELIEF Fund

DETROIT - If your business has been affected by COVID-19, the SBA Economic Injury Disaster Loan RELIEF fund is now available. Although Bob Moore Financing encourages you to seek other forms of working capital immediately, SBA loans are an excellent long-term alternative. "The SBA recognizes this an allows finance companies to charge as much as

By |2020-03-26T12:30:59-04:00March 26th, 2020|Entrepreneur, Entrepreneurs, Featured|
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Michigan Wins Top Award In Nation From SBA For Trade Expansion Program

LANSING – Michigan has once again received the top award in the nation from the U.S. Small Business Administration State Trade Expansion Program for fiscal year 2020. In its ninth year of receiving STEP funds, Michigan received the maximum amount of $900,000, representing a $100,000 increase from the previous year. The Michigan Strategic Fund is

By |2019-10-27T18:32:16-04:00October 27th, 2019|Politics, Politics/Government|
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West Michigan Business Executive Named SBDC State Director

GRAND RAPIDS - West Michigan business executive and Amway alumni J.D. Collins has been named state director of the Small Business Development Center, an SBA-backed one-stop-shop for business advice and training aimed at entrepreneurs and small business. Collins began his new role December 17 leading the SBDC, a 90-person organization that serves more than 5,500 companies statewide. He

By |2018-12-20T17:35:40-05:00December 19th, 2018|Entrepreneur, Entrepreneurs, Featured, News|
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Economic Injury Disaster Loans Available To West Michigan Agricultural Businesses Damaged By Spring Rains

DETROIT – Economic Injury Disaster Loans of up to $2 million are available to some agricultural related businesses damaged by excessive rains in May and June in Allegan, Barry, Kalamazoo, Kent, Muskegon, Ottawa and Van Buren counties. The news came this week from the U.S. Small Business Administration. “When the Secretary of Agriculture issues a disaster

By |2018-12-06T17:58:20-05:00December 6th, 2018|Politics|
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SBA Small Biz Loans, Grand Circus And Facebook, LTU Defines Vibranium, MITechNews.TV

ROYAL OAK - Oakland County’s Cathy Rasegan will tell business owners about the SBA 504 Loan program? Grand Circus’ Damien Rocchi will discuss his downtown Detroit training center’s partnership with Facebook to train 1 million people across the US, including Michigan. LTU’s Sibrina Collins explains a recent paper she published called “Black Panther, Vibranium, and the Periodic

By |2018-06-18T08:40:46-04:00June 15th, 2018|Featured, M2 TechCast, Podcasts|
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Disaster Declaration Following February Floods OK’d By Feds

LANSING - The U.S. Small Business Administration on Friday approved physical and economic disaster declarations for Arenac, Berrien, Ingham and Kalamazoo counties following severe flooding that hit the counties in February. The SBA approved the request of Governor Rick Snyder for the declaration which allows businesses and residents in the counties to apply for financial aid from

By |2018-04-01T16:17:53-04:00April 1st, 2018|Politics, Politics/Government|
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MISBDC Director Brophy Resigns To Return To Private Health Tech

GRAND RAPIDS - Keith Brophy, who had served as State Director of the Michigan Small Business Development Center for the past three years has resigned to return to the private sector to pursue health tech. His resignation was effective March 8. Ed Garner, the West Michigan SBDC Regional Director, has assumed the role of Interim

By |2018-03-08T14:34:38-05:00March 8th, 2018|Entrepreneurs, Featured|
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Detroit Civil Engineering Company Gets Visit From SBA Administrator

DETROIT - Jim Foucher, a vice president and co-founder of RBV Contracting, was a little surprised when I got a call from the Small Business Administration and was told SBA Administrator Linda McMahon wanted to visit his job site in downtown Detroit as part of her national tour of small businesses. McMahon, a former Republican

By |2017-07-28T12:43:37-04:00July 28th, 2017|Entrepreneurs|
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