SBA

Readout of SBA Administrator Guzman’s Meeting with Young Black Entrepreneurs at the White House

Retrieved on: 
Tuesday, February 27, 2024
Organization, Commerce, Interview, National Urban League, SBA, Entrepreneurship, White

WASHINGTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- On February 26, Administrator Isabel Casillas Guzman met with young Black entrepreneurs during a roundtable discussion at the White House and discussed the Biden-Harris Administration's commitment to uplifting and providing resources to Black-owned small businesses.

Key Points: 
  • WASHINGTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- On February 26, Administrator Isabel Casillas Guzman met with young Black entrepreneurs during a roundtable discussion at the White House and discussed the Biden-Harris Administration's commitment to uplifting and providing resources to Black-owned small businesses.
  • At the roundtable, Administrator Guzman shared updates on the SBA’s ongoing efforts to empower Black entrepreneurs across the nation, from more than doubling the amount and dollar value of SBA loans to Black-owned businesses to forging new partnerships with organizations like the U.S. Black Chambers of Commerce and the National Urban League.
  • Administrator Guzman also discussed how the Biden-Harris Administration’s Small Business Boom is being led by Black communities with Black business ownership growing at its fastest rate in more than three decades and the rate of Black households that own a business having more than doubled.
  • For follow-up interview requests for Administrator Guzman, please contact Rebecca Galanti at [email protected] .

SBA Announces Statutory Increases for Surety Bond Guarantee Program

Retrieved on: 
Monday, February 26, 2024
SBG, Human, Certification, Attachmate, SBA, Investment, Insurance

WASHINGTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, announced that for the first time since 2013, the SBA is increasing the statutory contract limits for the Surety Bond Guarantee Program (SBG).

Key Points: 
  • WASHINGTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, announced that for the first time since 2013, the SBA is increasing the statutory contract limits for the Surety Bond Guarantee Program (SBG).
  • “Surety bonds help small businesses win contracts by providing the customer with a government-backed guarantee that the work will be done,” said Administrator Guzman.
  • In addition to these larger contract bond guarantees, the SBA also offers a simplified bond guarantee application under its QuickApp, accommodating contracts up to $500,000 with limited paperwork and approvals within hours.
  • For questions regarding the program, please visit the program website at www.sba.gov/osg or contact Rebecca Galanti at [email protected] .

LiveView Technologies Founder and CEO Ryan Porter Discusses Small Business Support at White House

Retrieved on: 
Monday, February 26, 2024
Loss, LVT, NEC, Education, Transport, Government, Safety, Private sector, Small Business Administration, SBA

AMERICAN FORK, Utah, Feb. 26, 2024 (GLOBE NEWSWIRE) -- LiveView Technologies (LVT) Founder and CEO Ryan Porter joined a select group of business leaders for a White House roundtable this month.

Key Points: 
  • AMERICAN FORK, Utah, Feb. 26, 2024 (GLOBE NEWSWIRE) -- LiveView Technologies (LVT) Founder and CEO Ryan Porter joined a select group of business leaders for a White House roundtable this month.
  • The discussion, hosted by the White House National Economic Council (NEC) and the Small Business Administration (SBA), explored how new reforms will support investment in underserved and capital-constrained markets.
  • “Startups are wells of innovation, providing new-age solutions that can significantly change the nation’s approach to critical technology and manufacturing,” said Porter.
  • Since then, LVT has strengthened security for hundreds of companies spanning construction, education, government, retail, transportation, and other key sectors.

Readout of SBA Administrator Guzman’s Visit to Grand Rapids with Vice President Harris

Retrieved on: 
Friday, February 23, 2024
Human, Dog, Member of Congress, Interview, Beastro, SBA

GRAND RAPIDS, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Yesterday, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s 33 million small businesses, joined Congresswoman Hillary Scholten and Vice President Kamala Harris for events in Grand Rapids, Michigan, to highlight the Biden-Harris Administration’s Black Small Business Boom.

Key Points: 
  • GRAND RAPIDS, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Yesterday, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s 33 million small businesses, joined Congresswoman Hillary Scholten and Vice President Kamala Harris for events in Grand Rapids, Michigan, to highlight the Biden-Harris Administration’s Black Small Business Boom.
  • In the morning, Administrator Guzman and Congresswoman Scholten visited The Beastro: Fresh Canine Cuisine, a local Black woman-owned business that provides healthy, custom-curated meals for dogs.
  • At The Beastro, the leaders met with owner and founder Jessica Ann Tyson to discuss her unique business journey and the Black Business Boom under the Biden-Harris Administration.
  • Administrator Guzman then traveled to Della Soul Records, a Black woman-owned record and cultural gift store in Grand Rapids.

MAISON SOLUTIONS SHAREHOLDER NOTICE: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Maison Solutions To Contact Him Directly To Discuss Their Options

Retrieved on: 
Friday, February 23, 2024
Dai, Acquisition, Court, Prospectus, International Marxist Group, Register, News, Advertising, Hindenburg, IPO, Woman, EB-5, WhatsApp, Supermarket, LLP, Hindenburg Research, Defendant, Offering, SBA

NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Maison Solutions Inc. (“Maison Solutions” or the “Company”) (NASDAQ: MSS) and reminds investors of the March 4, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Key Points: 
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • In the IPO, the Company sold 2,500,000 shares of Class A common stock at a price of $4.00 per share.
  • 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.

ICYMI: SBA Administrator Guzman’s Visit to Local Black-Owned Businesses in Celebration of Black History Month

Retrieved on: 
Thursday, February 22, 2024
Marketing, U Street (Washington, D.C.), Human, Virginia Ali, SBA, Administrator

Administrator Guzman’s visit included a stop at Black + Forth and Spice Suite, where she learned about owner Angel Gregario’s initiatives to support Black entrepreneurship with free classes on topics like marketing and bookkeeping.

Key Points: 
  • Administrator Guzman’s visit included a stop at Black + Forth and Spice Suite, where she learned about owner Angel Gregario’s initiatives to support Black entrepreneurship with free classes on topics like marketing and bookkeeping.
  • Administrator Guzman also visited Here's the Scoop!, a Black woman-owned ice cream and dessert shop, and talked with owner Karin Sellers about her business’s focus on building community.
  • At Ben’s Chili Bowl, a historic Black-owned business in the heart of Washington, D.C.’s vibrant U Street Corridor, Administrator Guzman spoke with owner and founder Virginia Ali for a conversation about her family’s entrepreneurial journey.
  • See below for a video highlight from Administrator Guzman’s visit to Ben’s Chili Bowl:

Readout of SBA Administrator Guzman’s Visit to Detroit to Kick Off the Investing in America Tour

Retrieved on: 
Thursday, February 22, 2024
Shoe Box, Avenue, Human, Interview, SBA, Management

Administrator Guzman started her day with Congressman Shri Thanedar on the Avenue of Fashion, a historic, predominantly Black-owned shopping district in Detroit.

Key Points: 
  • Administrator Guzman started her day with Congressman Shri Thanedar on the Avenue of Fashion, a historic, predominantly Black-owned shopping district in Detroit.
  • There, they visited and toured MAC Galleries, an art gallery and custom framing and installation business, with co-owner James McKissic.
  • Administrator Guzman and Congressman Thanedar concluded their Avenue of Fashion small business visits at Krispy Addicts Clothing Boutique, a Black-owned street stylish clothing boutique.
  • They also discussed continued efforts in the Biden-Harris Administration to build upon this progress and support Black entrepreneurship as part of President Biden’s Investing in America agenda.

SBA Announces Funding Competition to Organizations Providing Entrepreneurship Training to Women Veterans

Retrieved on: 
Tuesday, February 20, 2024
Woman, Entrepreneurship, Small business, Federal, Organization, Veteran, SBA, Pharmaceutical industry

Up to six grantees will be awarded $300,000 in total funding to participate in the Women Veteran Entrepreneurship Training Program ( SB-OVWV-24-001 ) with grants from the SBA’s Office of Veterans Business Development .

Key Points: 
  • Up to six grantees will be awarded $300,000 in total funding to participate in the Women Veteran Entrepreneurship Training Program ( SB-OVWV-24-001 ) with grants from the SBA’s Office of Veterans Business Development .
  • These funds will be used to educate women veterans who intend to pursue or are already engaged in business ownership.
  • Kristen connected with ONABEN, an SBA Women Veteran Entrepreneurship Training program grantee, by participating in “Beyond the Boots,” a program specifically geared toward the needs of the military community.
  • Eligible organizations must submit applications for the Women Veteran Entrepreneurship Training Program ( SB-OVWV-24-001 ) funding opportunity by 11:59 p.m.

First Internet Bank Continues to Expand Small Business Administration Team

Retrieved on: 
Thursday, March 7, 2024
Small Business, Banking, Professional Services, Finance, U.S. Bancorp, Lake Michigan Credit Union, Growth, University, Business administration, Small Business Administration, Regions Financial Corporation, SBA, Internet, Bank

First Internet Bank announced today that Craig Simon has joined the organization as Vice President, Senior Business Development Officer.

Key Points: 
  • First Internet Bank announced today that Craig Simon has joined the organization as Vice President, Senior Business Development Officer.
  • Mr. Simon will bring additional financial expertise to First Internet Bank’s rapidly-growing Small Business Administration (SBA) team, which has supported the Bank’s growth into a Top 10 lender for SBA 7(a) loans.
  • Mr. Simon comes to First Internet Bank from Pilot Bank and Lake Michigan Credit Union, where he supported the banks’ SBA lending and commercial relationship management operations.
  • He also has a strong financial services background, having also worked with USAmeriBank, Regions Bank and Sunshine Bank.

CW BANCORP Quarterly Cash Dividend

Retrieved on: 
Monday, March 4, 2024
Professional Services, Technology, Small Business, Finance, Banking, Internet, Bank, CommerceWest Bank, Growth, OTCQX, SBA, Treasury

CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank , announced the approval of a quarterly cash dividend by its Board of Directors.

Key Points: 
  • CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank , announced the approval of a quarterly cash dividend by its Board of Directors.
  • The Board of Directors declared a cash dividend of $0.23 per common share, payable April 1, 2024 to shareholders of record on March 15, 2024.
  • CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services.
  • Founded in 2001 and headquartered in Irvine, California, the Bank serves businesses throughout the state of California with our digital banking platform.