Small Business Administration

SBA Recognizes 2024 Phoenix Award Winners of the Year for Outstanding Disaster Recovery Efforts

Retrieved on: 
Tuesday, April 9, 2024
Uncertainty, PizzaExpress, Metropolitan, Face, SBA, Phoenix Award, EIDL, ODR, Coffee, National Small Business Week, City, Mental health, Chamber of commerce, Social media, Small business, Hope, Volunteering, 129th Field Artillery Regiment, Civil and political rights, Disaster recovery, Cross County, Arkansas, Commerce, Survivor, Small Business Administration, Tornado, Hurricane Ida, Parish, Counselor, Human

WASHINGTON, April 09, 2024 (GLOBE NEWSWIRE) -- Today,  Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized the 2024 Phoenix Award winners for outstanding disaster recovery efforts by a small business, public official, and volunteer.

Key Points: 
  • WASHINGTON, April 09, 2024 (GLOBE NEWSWIRE) -- Today,  Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized the 2024 Phoenix Award winners for outstanding disaster recovery efforts by a small business, public official, and volunteer.
  • “SBA’s 2024 Phoenix Award winners inspire us and remind us that even in the face of disaster, tragedy, or uncertainty, America at its core is about hope, possibilities, and an unwavering commitment to working together to strengthen our communities,” said Administrator Guzman.
  • “These honorees represent the power of determination and adaptability,” said Francisco Sánchez Jr. , Associate Administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration.
  • Jacqueline was first introduced to the SBA back in 2020, receiving an Economic Injury Disaster Loan (EIDL) due to the pandemic.

Janover Reports Fiscal 2023 Financial Results and Provides Business Update

Retrieved on: 
Thursday, March 28, 2024
SMB, Software as a service, Growth, SBA, CFO, Federal, Artificial intelligence, Acquisition, Small business, IPO, Completeness, Investment, Small Business Administration, BOCA, Federal Reserve, Marketing, CPA, Cryptocurrency

BOCA RATON, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today provided a business update, and announced its financial results for the year-ended December 31, 2023.

Key Points: 
  • BOCA RATON, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today provided a business update, and announced its financial results for the year-ended December 31, 2023.
  • However, the downward pressure on the commercial real estate financing business was offset by strong growth in the SBA and SMB business, which more than doubled over the past two fiscal years.
  • Sales and marketing expenses for the year-ended December 31, 2023, were $2.0 million, compared to $1.6 million for the year-ended December 31, 2022.
  • Adjusted EBITDA and adjusted EBITDA per share are non-GAAP financial measures (defined below).

Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

Retrieved on: 
Thursday, March 28, 2024
Capital Bank, USDA, SBA, EVP, Partnership, LLP, Capital, C&I, Head, Acquisition, Small Business Administration, Melissa, CBNK, Government, Security (finance)

At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company.

Key Points: 
  • At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company.
  • Including Windsor Advantage’s industry leading government guaranteed servicing platform, Capital is well positioned to capitalize on this growing niche.
  • A. Riddick Skinner, EVP of Government Lending at IFH, will join Capital Bank as Head of Government Guaranteed Lending Program.
  • Raymond James & Associates, Inc. served as financial advisor and Wyrick Robbins Yates & Ponton LLP served as legal advisor to IFH.

Mountain America Credit Union Ranked Top Small Business Lender in US for 20 Consecutive Years

Retrieved on: 
Tuesday, March 26, 2024
Art, Small business, Growth, SBA, Mountain America Credit Union, Small Business Administration, Private sector

SANDY, Utah, March 26, 2024 (GLOBE NEWSWIRE) -- Callahan & Associates, a leader in providing credit unions with actionable data for making decisions that positively impact members, recently released its list of Top Small Business Lenders. Mountain America Credit Union was ranked the No. 1 small business credit union lender for Small Business Administration (SBA) loans in the country. Mountain America has received this recognition 20 years in a row.

Key Points: 
  • Mountain America Credit Union was ranked the No.
  • 1 small business credit union lender for Small Business Administration (SBA) loans in the country.
  • With no prior experience building a dance studio, Luke turned to the small business lending experts at Mountain America Credit Union.
  • “I couldn’t be happier with my choice to go there.”
    In addition to being the nation’s top credit union SBA lender, Mountain America offers a variety of financial resources and options to small business owners.

Federal Forecasting App to Add AI-Powered Recommendations and Other Features, Bringing Contracting Closer to the People

Retrieved on: 
Tuesday, March 26, 2024
BIPOC, Department of Defence, Federation, Conference, Algorithm, SBA, General Services Administration, Ministry of Energy, History, Artificial intelligence, Small business, Woman, Small Business Administration, System, Government, Federal

Federal contracting presents an attractive opportunity for people to earn a competitive income by providing products and services for the US Federal Government, which is one of the world’s largest buyers.

Key Points: 
  • Federal contracting presents an attractive opportunity for people to earn a competitive income by providing products and services for the US Federal Government, which is one of the world’s largest buyers.
  • At its core, the Federal Forecasting App is a wishlist of potential federal contracting opportunities, known as forecasts, across various federal agencies, such as the General Services Administration, Department of Homeland Security, Department of Defense, Department of Energy, and many more.
  • By implementing the automated search and notification function, the Federal Forecasting App is able to save significant time and effort for business owners.
  • “My goal with the Federal Forecasting App is to create a digital extension of such conferences that is available 24/7, 365 days a year,” Surratt says.

ESET Launches a New Solution for Small Office/Home Office Businesses

Retrieved on: 
Tuesday, April 9, 2024
Theft, Growth, SAN, MacOS, Luigi, Small, SOHO, Small office/home office, Microsoft Windows, Small business, VPN, Small Business Administration, Android, Online shopping

New ESET Small Business Security offering was purpose-built for the Small Office/Home Office (SOHO) market as a right-sized solution with powerful features to keep company and customer data safe.

Key Points: 
  • New ESET Small Business Security offering was purpose-built for the Small Office/Home Office (SOHO) market as a right-sized solution with powerful features to keep company and customer data safe.
  • SAN DIEGO, April 9, 2024 /PRNewswire/ -- ESET , a global leader in digital security, is pleased to announce the introduction of ESET Small Business Security , which has been specifically designed to meet the cybersecurity needs of Small Office/Home Office business owners.
  • According to the Small Business Administration, out of the 33.3 million small businesses in the United States, over 27 million are managed solely by their owners and do not employ any additional personnel.
  • ESET Small Business Security includes ESET HOME , security management platform that enables users to have complete security management with information about security status, devices, subscriptions and features currently in use.

TUESDAY: U.S. Small Business Administration to Convene Third Annual Women’s Business Summit

Retrieved on: 
Thursday, March 21, 2024
EST, National Union, SBA, Christina Hale, The Business Council, Small Business Administration, Small business, Central business district, RSVP, East Room, Video game

WASHINGTON, March 21, 2024 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration (SBA) will hold its third annual Women’s Business Summit on March 26.

Key Points: 
  • WASHINGTON, March 21, 2024 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration (SBA) will hold its third annual Women’s Business Summit on March 26.
  • The one-day, live-streamed summit will feature expert panels, fireside chats, and entrepreneurs’ own voices to help women-owned small businesses build, scale, and grow.
  • The summit will be held in collaboration with the National Women’s Business Council and is co-sponsored by the Nasdaq Entrepreneurial Center and the Association of Women’s Business Centers.
  • The 2023 Women’s Business Summit featured remarks from President Joe Biden in a White House East Room event.

SBA Administrator Guzman Announces Agency’s First-Ever Voter Registration Agreement with Michigan Department of State

Retrieved on: 
Tuesday, March 19, 2024
MOU, Democracy, Michigander, SBA, URL, Small business, Small Business Administration, Marketing, Human, MDOS

The agreement, a first-of-its-kind collaboration for the SBA, will run through Jan. 1, 2036.

Key Points: 
  • The agreement, a first-of-its-kind collaboration for the SBA, will run through Jan. 1, 2036.
  • “Protecting and strengthening our democracy is critical to our economic success and a core goal of the Biden-Harris Administration,” said Administrator Guzman.
  • “Through this memorandum of understanding, the SBA will help connect Michiganders to vital voter registration information from the State of Michigan so that more small business owners can exercise their right to vote.
  • The SBA’s Michigan field office may also allow MDOS officials to conduct in-person voter registration at the SBA’s small business outreach events.

Suffolk Kicks off 2024 “Build With Us @ Suffolk” Program in Boston for Trade Partners, Opening Doors for Minority-, Women- and Veteran-owned Business Enterprises in Construction

Retrieved on: 
Thursday, March 28, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Professional Services, Philanthropy, Interior Design, Small Business, Building Systems, Architecture, Other Philanthropy, Defense, Growth, SBA, Computing, Mentorship, Partnership, History, Small Business Administration, Small business, Curriculum, DBE, Multimedia, Workplace, Management

View the full release here: https://www.businesswire.com/news/home/20240328596143/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240328596143/en/
    Participants in the "Build With Us @ Suffolk" Boston Class of 2024 gather in Suffolk's Boston headquarters on Wednesday, March 27, 2024, to kick off the four-week small business accelerator program for M/W/VBE businesses.
  • (Photo: Business Wire)
    Recognizing potential barriers facing smaller M/W/VBE firms, the eight-course “Build With Us @ Suffolk” program helps them open doors, expand their businesses, develop important relationships, and make their unique mark on the industry.
  • Unlike most construction training programs, “Build With Us @ Suffolk” provides direct access to Suffolk leaders by assigning mentors who nurture and maintain relationships with participants after graduation.
  • “As a minority, I am both appreciative and grateful for the chance to participate in the ‘Build With Us @ Suffolk’ program,” said Pereira.

Empower Readies New Digital Solution to Help Small Employers Create 401(k) Plans

Retrieved on: 
Wednesday, March 27, 2024
Software, Personal Finance, Finance, Asset Management, Small Business, Professional Services, Technology, Fintech, Congress, ERISA, Partnership, Public policy, Small business, Private sector, TPA, Investment, Small Business Administration, Workforce, Retirement, Legislation, Financial adviser

Empower today is unveiling new plans to launch a digital solution that will remove access barriers and give more small employers the ability to establish workplace retirement plans for their employees.

Key Points: 
  • Empower today is unveiling new plans to launch a digital solution that will remove access barriers and give more small employers the ability to establish workplace retirement plans for their employees.
  • The new program — called Ready Select — is designed for small and start-up plans with up to $1 million in assets.
  • Historically, complexity and administrative burdens have presented barriers to the creation of workplace retirement plans for small employers and start-up companies.
  • “These partners know how to help employers and Empower stands ready to help them bring their know-how to new plans.”