The US Small Business Administration initially restricted the new refinancing option to small businesses that faced balloon payments on mortgages before Dec. 31, 2012. That eliminated an awful lot of companies that we eager to refinance. It has just been announced that effective April 6, the SBA will open the 504 refinancing option to businesses […]
Accreditation is critical for the SBDC to secure continued funding from the U.S. Small Business Administration (U.S. SBA), and is also essential for the national SBDC program to be recognized as a high quality economic development organization. On May 31, 2010, the Florida Small Business Development Center Network (FSBDC Network) was notified that the statewide […]
SBA Economic Injury Disaster Loan Program Activated In response to the Deepwater BP Oil Spill, the SBA has authorized the activation of the Economic Injury Disaster Loans (EIDL) program for the counties included in the attached SBA Press Release. The SBA is setting up an office in Pensacola at the SBDC at UWF Center located […]
Thanks to Florida First Capital Finance Corporation for this update that indicates the funds for eliminating soft costs for SBA 7a and 504 loans are exhausted so we are returning to the pre-ARRA regulations unless the Obama jobs bill is passed. The bill includes a provision to eliminate loan fees through September 2010. Read on… […]
The Small Business Administration will provide more assistance and capital to small businesses. The FY 2010 Appropriations Bill shows the SBA will receive $824 million which is $212 million above 2009 and $45 million above the request. Highlights include:· Overall Lending: Supports $28 billion in new lending to small businesses· Microlending: $25 million in new […]
It appears that the SBA is showing an increase in the number of government backed loans. In the last quarter of 2009, the SBA backed over 12,000 7a loans as compared to the same quarter in 2008 where the total was only 9,000. While encouraging, the last quarters numbers are quite a bit lower than […]
Thanks to the financial support of the St. Johns County Board of County Commissioners, the SBDC at UNF now has a full time office in St. Johns County. Marge Cirillo, St. Johns County’s very own SBDC Certified Business Analyst, has an office in the County’s Growth Management Building, also known as the “Permit Center”. SBDC […]
In September, Florida SBDC Network (FSBDCN) employees gathered to recognize staff, volunteers and resource partners for performance excellence in support of entrepreneurs growing small businesses in Florida. Performance Excellence Awards were presented at the during the Annual FSBDCN statewide meeting in Orlando, Florida, by FSBDCN State Director Jerry Cartwright and the SBDC Directors. The following […]
Specifically, Senator Nelson is talking about the ARC Loan program. He feels it is underperforming and crucial banks who have received bail out funds are not participating. The staff at the Small Business Development Center at the University of North Florida have a fairly large number of loans in to the program since the inception […]
We at the Small Business Development Center at the University of North Florida look forward to some convenient and helpful video content as announced by the U.S. Small Business Administration. Keep in mind that this series is not intended to replace live workshops and we continue to encourage clients to attend classes like the ones […]
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