New JOBS Act 4.0

April 20, 2022

Ahead of the 10th anniversary of the JOBS Act, Senate lawmakers have unveiled a discussion draft, “JOBS Act 4.0”, to help accelerate economic growth and spur new business formation.

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House to Vote on Relief Bill

April 6, 2022

The House is set to vote this week on legislation that would add $42 billion to the depleted Restaurant Revitalization Fund and create a new $13 billion Hard Hit Industries Award Program.

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SBA Updates Lending Program

April 1, 2022

This week, Vice President Kamala Harris and SBA Administrator Isabella Guzman announced reforms to the agency’s Community Advantage loan program - a key tool for CDFIs.

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SEC Small Business Forum

March 16, 2022

On April 4-7, the SEC will hold their annual Small Business Forum — a series of four virtual sessions focused on how to improve capital raising policy.

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Credit Card Fee Hikes

March 16, 2022

Mastercard and Visa are preparing to raise the fees– by around 0.05 to 0.10 of a percentage point—paid by merchants when consumers pay with credit cards. The fee increases are expected to go into effect in April 2022. They had been scheduled to happen two years ago but were put...

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EIDL Deferment Extended

March 16, 2022

The SBA announced yesterday they will provide an additional deferment of principal and interest payments for existing EIDL borrowers.

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Bill Funds Restaurant Relief

March 16, 2022

Bipartisan legislation was recently introduced by Sens. Ben Cardin (D-Md.) and Roger Wicker (R-Miss.) to provide an additional $48 million in funding to the U.S. Small Business Administration (SBA) Restaurant Revitalization Fund (RRF). The bill, the Continuing Emergency Support for Restaurants Act, will provide much-needed economic relief to the hospitality...

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Stimulus to Target In-Person Service Businesses

January 12, 2022

Discussion began in mid-December among a group of Senate lawmakers on providing another round of COVID-19 stimulus spending focused primarily on businesses who rely on in-person services such as restaurants, performance venues, gyms, and other entertainment venues. The early-stage talks led by Sens. Ben Cardin (D-Md.) and Roger Wicker (R-Miss.)...

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SBA Proposal to Modify Size Standards

November 17, 2021

The SBA issued a proposal to modify two of the methods the organization uses to qualify which businesses classify as small businesses for government contracts and SBA loan and investment programs.  

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