Newtek Business Services Corp. Reports First Quarter 2022 Financial Results | News

Newtek Business Services Corp. Reports First Quarter 2022 Financial Results | News

BOCA RATON, Fla., May 04, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp.  (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its financial and operating results for three months ended March 31, 2022. First Quarter 2022 Financial Highlights Total investment income of $20.3 million for the three months ended March … Read more

Most small businesses want more federal help. The odds aren’t great

Most small businesses want more federal help.  The odds aren’t great

Elizabeth Frantz | Reuters A majority of Main Street small business owners say they favor more financial assistance from the federal government, but the resolution of the battle in Congress last week over the federal government’s spending bill shows that it may not come . This shouldn’t be a surprise. With fiscal hawks reluctant to … Read more

Business is booming as small-business loans in Nebraska shatter records | Local Business News

Business is booming as small-business loans in Nebraska shatter records | Local Business News

Craig Johnson got a small-business loan 21 years ago when he bought his business, Wayne’s Body Shop. But when it came time to expand one of his locations last year, he didn’t consider applying for another loan from the Small Business Administration. “I thought it was more for startup businesses,” Johnson said. His bank, Cornhusker … Read more

Fintech start-up will fund smaller women-owned businesses

Fintech start-up will fund smaller women-owned businesses

Two female entrepreneurs Getty Providing financing to smaller businesses, those with no or fewer than 10 employees, is a problem that some believe is insoluble. Virtually all women-owned businesses have no or fewer than 10 employees.* The Covid-19 pandemic and the distribution of Paycheck Protection Program (PPP) loans have revealed the challenges that smaller businesses … Read more

Need a business loan? Inflation drives Main Street into more debt

Need a business loan?  Inflation drives Main Street into more debt

SAN FRANCISCO, CA – APRIL 28: Deanna Sison takes a break from preparing pre-ordered lunches to check on the status of her federal small business loan application at Little Skillet Restaurant in San Francisco, California on Tuesday, April 28, 2020. The Most of the Covid financial relief to small businesses has now ended, but the … Read more

What Minority Business Owners Need to Know About Getting Bank Loans

What Minority Business Owners Need to Know About Getting Bank Loans

As high street businesses continue to make a comeback post-pandemic, they face the triple threat of supply chain headwinds, labor constraints and historic inflation. For some, borrowing to invest, grow or simply stay afloat is a priority. Data from Goldman Sachs’ 10,000 Small Business Voices “Small Businesses on the Brink” survey reveals that 86% of … Read more

READOUT: SBA elevates America’s female entrepreneurs during Women’s History Month with… | News

READOUT: SBA elevates America’s female entrepreneurs during Women’s History Month with… |  News

Washington, April 01, 2022 (GLOBE NEWSWIRE) — In honor of Women’s History Month, the US Small Business Administration (SBA) hosted a two-day Virtual Women in Business Summit on March 29-30, 2022, which attracted over 4,000 attendees and over 18,000 registrations for the two-day virtual summit. Attendees heard from Vice President Kamala Harris, Administrator Isabella Casillas … Read more