Small Business Capital Access and Job Preservation Act

Byline Bank Ranked 5th Nationally for SBA 7(a) Lending

Retrieved on: 
Monday, October 16, 2023

CHICAGO, Oct. 16, 2023 /PRNewswire/ -- Byline Bank once again ranked fifth among lenders nationwide in loan volume for SBA 7(a) lending by the U.S. Small Business Administration (SBA) at the close of the SBA's fiscal year on September 30, 2023. Byline also earned the top spot among Illinois lenders in SBA 7(a) loan volume and ranked first nationally for International Trade Loans.

Key Points: 
  • Byline also earned the top spot among Illinois lenders in SBA 7(a) loan volume and ranked first nationally for International Trade Loans.
  • Byline also ranked second for Third Party Lenders for SBA 504 loans in Illinois during FY2023 with $35 million in SBA 504 loans.
  • Nationally, Byline Bank ranked fifth for SBA 7(a) loan volume in FY2023 with nationwide loans totaling $536 million.
  • Additionally, Byline ranked second for SBA 7(a) lending by volume by the Wisconsin District Office of the SBA, with $28 million worth of loans granted in Wisconsin in FY2023.

Nasdaq Capital Access Platforms Launches Sustainability Offerings for Corporates and Investors

Retrieved on: 
Tuesday, September 19, 2023

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced its Capital Access Platforms division has launched two new offerings designed to help corporates and investors better streamline their sustainability and impact investing journeys.

Key Points: 
  • NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced its Capital Access Platforms division has launched two new offerings designed to help corporates and investors better streamline their sustainability and impact investing journeys.
  • Nasdaq Metrio ™ is a SaaS-based, end-to-end platform that will help corporates to better collect, measure and report sustainability data.
  • In addition, the Nasdaq ESG Advisory team released its “ 2023 Global Net Zero Pulse ” report to help corporates inform their carbon credit purchase decision and sustainability initiatives.
  • “We are committed to meeting current and future corporate and investor needs to help clients unlock return on investment for their sustainability initiatives and impact investing strategies,” said Nelson Griggs, President of Capital Access Platforms, Nasdaq.

DoorDash Announces Move to Nasdaq

Retrieved on: 
Thursday, September 14, 2023

DoorDash, Inc. (NYSE: DASH) today announced that it will transfer its stock exchange listing to the Nasdaq Stock Market (“Nasdaq”) from the New York Stock Exchange.

Key Points: 
  • DoorDash, Inc. (NYSE: DASH) today announced that it will transfer its stock exchange listing to the Nasdaq Stock Market (“Nasdaq”) from the New York Stock Exchange.
  • The Company expects to begin trading as a Nasdaq-listed company on September 27, 2023 and will continue to trade under the symbol “DASH.”
    “We are delighted to join a community of leading technology companies with our transfer to Nasdaq,” said Ravi Inukonda, DoorDash Chief Financial Officer.
  • “We look forward to this new and exciting opportunity for partnership between the Nasdaq and DoorDash brands.”
    “For over a decade, DoorDash has built products and services to help businesses grow and reach more consumers in over 25 countries around the world.
  • “We are thrilled to welcome DoorDash to the Nasdaq family.”

IFEL Continues Strong Growth Year with Appointment of Stephanie Fowler as President of Capital Access

Retrieved on: 
Thursday, August 3, 2023

NEWARK, N.J., Aug. 3, 2023 /PRNewswire/ -- The Institute for Entrepreneurial Leadership (IFEL), a nonprofit organization that leverages the power of relationship capital to increase inclusion and equity within the entrepreneurial ecosystem, today announced the appointment of Stephanie Fowler as president, Capital Access. In this role, she will help scale efforts to help more small business owners, entrepreneurs, and founders get funded faster. This follows the recent appointment of community development veteran, Gina Nisbeth, as Chair of the IFEL Board of Directors. Nisbeth was at Citi for over 22 years.

Key Points: 
  • This follows the recent appointment of community development veteran, Gina Nisbeth, as Chair of the IFEL Board of Directors.
  • "I've witnessed IFEL create innovative pathways to accelerate capital access for founders of color, and I'm excited to join the team at this critical stage," said Fowler.
  • "IFEL is changing business as usual for Black and Latinx entrepreneurs who have long lacked access to networks, knowledge and capital.
  • IFEL announced the acquisition of Pipeline Angels in July, uniting two trailblazing organizations committed to increasing capital access to foster a more inclusive entrepreneurial ecosystem.

Biden-Harris Administration to Establish Reforms to Transform Public-Private Investment Program

Retrieved on: 
Monday, July 17, 2023

Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will increase access and diversify funding for the small business, start-up, and investment management communities.

Key Points: 
  • Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will increase access and diversify funding for the small business, start-up, and investment management communities.
  • Improving program accessibility: Modifies licensing fees to reduce the financial burden for new program applicants.
  • Broadens the fund manager track record and eligibility requirements to enable a more diversified group of investment teams and a wider range of investment strategies to participate in the SBIC program.
  • The program, established during the Eisenhower Administration, has led to the creation and growth of great American companies.

Bridge 2 Technologies (B2T) Hosts Global Intellect Summit to Accelerate Global Inclusiveness and Partnerships to Build a $500 Billion Business Ecosystem

Retrieved on: 
Monday, June 12, 2023

SAN RAMON, Calif., June 12, 2023 /PRNewswire/ -- Bridge 2 Technologies (B2T), the technology company that accelerates inclusion and understanding to drive business growth by leveraging a global network to facilitate business partnerships and networking, will sponsor its third annual Global Intellect Summit at the Nasdaq MarketSite in New York City on June 22. The B2T Global Intellect Summit is a gathering of prominent corporate, educational, financial, and non-profit leaders to address the challenges of building an inclusive business ecosystem and strategies to connect global corporations to diverse-owned companies.

Key Points: 
  • The B2T Global Intellect Summit is a gathering of prominent corporate, educational, financial, and non-profit leaders to address the challenges of building an inclusive business ecosystem and strategies to connect global corporations to diverse-owned companies.
  • The Global Intellect Summit agenda will focus on potential solutions to building a global and inclusive ecosystem, enabling corporate leaders to partner with businesses, financial institutions, and educators from around the world to leverage technology to tackle global business challenges.
  • Inclusivity promotes a breadth of perspective, and embracing a global intellect enables organizations to build their business while affecting change.
  • The Global Intellect Summit provides an opportunity to discuss and execute practical solutions to bridge the diversity gap, promote equality and social parity, and drive actionable results.

SEC Announces New Members of Small Business Capital Formation Advisory Committee

Retrieved on: 
Thursday, May 4, 2023

Washington, D.C.--(Newsfile Corp. - May 4, 2023) - The Securities and Exchange Commission today announced 14 new members of the Small Business Capital Formation Advisory Committee .

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - May 4, 2023) - The Securities and Exchange Commission today announced 14 new members of the Small Business Capital Formation Advisory Committee .
  • The new members were appointed to four-year terms to fill vacancies arising primarily from the expiration of prior members’ terms.
  • “I thank the new members for agreeing to serve on the Advisory Committee, which plays an important role in our work to facilitate capital formation for companies of every size,” said SEC Chair Gary Gensler.
  • Current Committee members also include three non-voting members appointed by each of the SEC’s Investor Advocate, the North American Securities Administrators Association, and the Small Business Administration.

Nasdaq Announces New Corporate Structure to Accelerate Strategy

Retrieved on: 
Wednesday, September 28, 2022

NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced that it is organizing its business units into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. This new structure will align the company more closely to the foundational shifts that are driving the evolution of the global financial system and evolving client needs.

Key Points: 
  • With over 10,000 corporate clients and 5,000 clients across the investment management ecosystem, Nasdaq is the worlds leading franchise serving the corporate issuer and investment community.
  • Griggs currently serves as Executive Vice President of Nasdaqs Corporate Platforms business and is responsible for listings and corporate solutions.
  • Nasdaq intends to publish its Fourth Quarter and Full Year 2022 results, as well as all future reporting, in alignment with the new corporate structure.
  • Such forward-looking statements include, but are not limited to, statements about the Companys new corporate structure, growth strategy and expectations, financial guidance and executive changes.

Berkshire Hills Bancorp Continues Growth of 44 Business Capital Division with Three Seasoned SBA Lending Professionals

Retrieved on: 
Thursday, September 15, 2022

BOSTON, Sept. 15, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community bank with financial centers in New England and New York, is excited to announce the addition of three seasoned lending professionals to its 44 Business Capital team.

Key Points: 
  • Shay Barkley, Josh Rawls, and Tracey Tucker join Berkshire Bank's 44 Business Capital team of experienced lending professionals.
  • "Shay, Josh, and Tracey are talented lenders who know firsthand the impact that sound lending has on businesses and the communities they serve," said Greg Poehlmann, SVP, Business Banking at 44 Business Capital.
  • Tracey Tucker of Denver, CO joins 44 Business Capital with over 25 years of SBA 7a and 504 lending experience.
  • 44 Business Capital , a direct small business lending division of Berkshire Bank, provides SBA Loans to Small Businesses.

National Small Business Week: Biz2Credit Hosts Live Q&A with U.S. Reps. Jason Crow and Dan Meuser on May 4

Retrieved on: 
Friday, April 29, 2022

The event is in conjunction with National Small Business Week (May 2-5, 2022).

Key Points: 
  • The event is in conjunction with National Small Business Week (May 2-5, 2022).
  • The online seminar will also provide data from Biz2Credits annual Best Small Business Cities Report, which examines areas of the country where small businesses are flourishing.
  • The analysis looked at primary financial data from 82,000 companies that applied for small business financing during 2021.
  • Rep. Crow is Chair of the Innovation, Entrepreneurship & Workforce Development Subcommittee of the House Small Business Committee.