SBA

Funding Circle Plc: Full Year 2023 Results

Retrieved on: 
Wednesday, March 13, 2024

596/2014

Key Points: 
  • 596/2014
    Funding Circle Holdings plc (“Funding Circle”) today announces results for the twelve months ended 31 December 2023.
  • We delivered a solid set of results in FY 2023, in line with our expectations, and made good progress against our multi-product strategy.
  • In the UK, we have expanded our product range with the rollout of our Card product so customers can now borrow, pay and spend with Funding Circle.
  • FlexiPay extends our product range so customers can now borrow, pay and spend with Funding Circle, driving increased relevance and attracting new customers.

Statement by SBA Administrator Guzman on Anniversary of American Rescue Plan

Retrieved on: 
Monday, March 11, 2024

WASHINGTON, March 11, 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, issued the following statement on the anniversary of President Joe Biden’s American Rescue Plan:

Key Points: 
  • WASHINGTON, March 11, 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, issued the following statement on the anniversary of President Joe Biden’s American Rescue Plan:
    “Three years ago, President Biden signed the American Rescue Plan which catalyzed our nation’s unprecedented economic recovery – the strongest of any of the world’s major economies.
  • Since then, the United States has enjoyed a historic Small Business Boom with a record 16.5 million new business applications , including 5.5 million in 2023 alone.
  • “None of this tremendous growth would have been possible without the American Rescue Plan and the critical role it played in not only saving but strengthening Main Streets across America.
  • “The American Rescue Plan is foundational to the Biden-Harris Administration’s Investing in America agenda, and small businesses are at the heart of the country’s unmatched recovery – historically creating two-thirds of net new jobs and over 40% of our nation’s economic output.

Former SBA Assistant Administrator, Natalie Madeira Cofield, Named CEO of Association for Enterprise Opportunity (AEO)

Retrieved on: 
Monday, March 11, 2024

Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for the Association for Enterprise Opportunity (AEO) is thrilled to announce the appointment of Natalie Madeira Cofield as Chief Executive Officer, effective March 18, 2024.

Key Points: 
  • Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for the Association for Enterprise Opportunity (AEO) is thrilled to announce the appointment of Natalie Madeira Cofield as Chief Executive Officer, effective March 18, 2024.
  • "Natalie Madeira Cofield's appointment marks an exciting chapter for AEO as we continue our mission to empower entrepreneurs and foster economic growth,” said Ines Polonius, Chair of the AEO Board of Directors.
  • “Her proven track record, coupled with her visionary leadership, will undoubtedly drive AEO towards new heights of impact and influence.
  • Chris Wheat, JPMorgan Chase - "As AEO's new CEO, Natalie Madeira Cofield brings a dynamic blend of strategic insight and advocacy for small businesses.

Statement by SBA Administrator Guzman on President Biden’s State of the Union Address

Retrieved on: 
Friday, March 8, 2024

The President’s leadership on an unrivaled economic recovery and investments in America’s entrepreneurs have delivered the three strongest years of new business applications on record.

Key Points: 
  • The President’s leadership on an unrivaled economic recovery and investments in America’s entrepreneurs have delivered the three strongest years of new business applications on record.
  • “A central tenet of this Administration’s Investing in America agenda is its commitment to investing in all of America’s entrepreneurs.
  • Small businesses like those owned by two of the First Lady’s guests, entrepreneurs Rashawn Spivey and Natalie King, are the heartbeat of our communities.
  • They create two-thirds of net new jobs and generate 40 percent of our nation’s economic output.

SBA Administrator Guzman Announces 2024 National Small Business Week Award Winners

Retrieved on: 
Thursday, March 7, 2024

In addition to state-level recognition, national awards will also be presented in the following categories to the following:

Key Points: 
  • In addition to state-level recognition, national awards will also be presented in the following categories to the following:
    Small Business Exporter of the Year:
    Phoenix Awards for Disaster Recovery:
    Phoenix Award for Small Business Disaster Recovery: The Coffee Shoppe, Selma, AL
    Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official: Dirk Joseph Guidry, Chauvin, LA
    Phoenix Award for Outstanding Contributions to Disaster Recovery, Volunteer: Leanne Rogers Lovell, Wynne, AR
    Small Business Prime Contractor of the Year: Action Manufacturing Company, Bristol, PA
    Small Business Subcontractor of the Year: Knowledge Based Systems, Inc., College Station, TX
    Dwight D. Eisenhower Awards for Excellence - Services (for large prime contractors who use small businesses as suppliers and contractors): Jacobs, Greenwood Village, CO
    Dwight D. Eisenhower Awards for Excellence - Construction (for large prime contractors who use small businesses as suppliers and contractors): Bechtel Corporation, New York, NY
    8(a) Graduate of the Year: Johnson’s Consulting dba Cetechs, Mesa, AZ
    Awards to SBA Resource Partners:
    SCORE Chapter of the Year Award: SCORE SE Wisconsin Chapter, Milwaukee, WI
    Small Business Development Center (SBDC) Excellence and Innovation Center Award: Aurora-South Metro Small Business Development Center, Aurora, CO
    Women’s Business Center of Excellence Award: Great Lakes Women’s Business Council, Southfield, MI
    Veterans Business Outreach Center of the Year: Mississippi State University VBOC, Starkville, MS
    Small Business Investment Company of the Year:
    Surety Bond Agent of the Year:
    For more information about National Small Business Week, visit www.sba.gov/NSBW .
  • Media interested in scheduling interviews with Administrator Guzman should contact [email protected] .
  • Cosponsorship Authorization # 24-1-C. SBA’s participation in this Cosponsored Activity is not an endorsement of the views, opinions, products or services of any Cosponsor or other person or entity.
  • All SBA programs and services are extended to the public on a nondiscriminatory basis.

NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

BOCA RATON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today its financial and operating results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Total assets were $1.4 billion at December 31, 2023, which remained relatively consistent to the balance at September 30, 2023.
  • Total borrowings were $644.1 million at December 31, 2023; a decrease of 0.7% from $648.7 million at September 30, 2023.
  • Please visit our website and review our Fourth Quarter and Full Year 2023 Presentation.”
    A conference call to discuss the fourth quarter and full year 2023 financial results will be hosted by Barry Sloane, President, Chairman and Chief Executive Officer, M. Scott Price, Chief Financial Officer, and Nick Leger, Chief Accounting Officer, tomorrow, Wednesday, March 6, 2024, 8:30 a.m.
  • Please note, to attend the conference call or webcast, participants should register online at NewtekOne, Inc. Q4 and Full Year 2023 Financial Results Conference Call .

SBA Launches Enhanced Lender Match Platform

Retrieved on: 
Monday, March 4, 2024

“Enhancing the SBA’s Lender Match tool is just one part of our unprecedented reforms to increase and streamline equitable access to affordable capital so small business owners can continue to innovate, create jobs, and be part of this Administration’s historic Investments in America.”

Key Points: 
  • “Enhancing the SBA’s Lender Match tool is just one part of our unprecedented reforms to increase and streamline equitable access to affordable capital so small business owners can continue to innovate, create jobs, and be part of this Administration’s historic Investments in America.”
    On the enhanced Lender Match platform, small business owners benefit from an improved, mobile-first user interface that ensures better access and usability.
  • Every month, the SBA receives about 50,000 requests for capital through Lender Match.
  • The SBA’s enhanced Lender Match will build on this foundation to make more connections for entrepreneurs seeking capital.
  • "The African American Alliance of CDFI CEOs supports the launch of the SBA’s enhanced Lender Match.

Readout of SBA Administrator Guzman’s Attendance at White House Roundtable on Increasing Capital Access for Tribal Nations

Retrieved on: 
Friday, March 1, 2024

At the roundtable, Administrator Guzman underscored the SBA’s commitment to increasing capital access for Native Americans as part of President Biden’s Investing in America Agenda.

Key Points: 
  • At the roundtable, Administrator Guzman underscored the SBA’s commitment to increasing capital access for Native Americans as part of President Biden’s Investing in America Agenda.
  • Under the Biden-Harris Administration, total loans to Native-owned businesses are up 70% , and total loan dollars have almost doubled.
  • The roundtable acknowledged that while significant progress has been made, there is still more work to be done as the Biden-Harris Administration strives to better serve Tribal communities.
  • For follow-up interview requests for Administrator Guzman, please contact Rebecca Galanti at [email protected] .

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Maison Solutions

Retrieved on: 
Friday, March 1, 2024

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Key Points: 
  • Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • The firm has recovered hundreds of millions of dollars for investors since its founding in 1995.
  • On this news, Maison Solutions' stock price fell $12.71 per share, or 83.6%, to close at $2.50 per share on December 15, 2023, thereby injuring investors.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Maison Solutions’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Fidus Investment Corporation Announces Fourth Quarter And Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

EVANSTON, Ill., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Adjusted net investment income,(1) which excludes the capital gains incentive fee accrual, increased by $21.4 million, or 46.4%, to $67.5 million.
  • Our total portfolio investments at fair value were approximately 102.3% of the related cost basis as of December 31, 2023.
  • Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, March 1, 2024.
  • Please ask to be joined into the Fidus Investment Corporation call.