UPDATE: Details on Loans for COVID-19 Impacted Small Biz

March 12, 2020

On Wednesday night, President Donald Trump addressed the nation from the Oval Office with formal remarks outlining some of his administration’s key proposals to address the health and economic implications of the coronavirus. Trump outlined his plans to provide a three-month tax deferral plan for individuals and small businesses as...


SEC to Update “Accredited Investor” Rule

February 19, 2020

On Dec. 18, 2019, the Securities and Exchange Commission (SEC) voted to propose amendments to the definition of “accredited investor,” one of the principal tests for who is eligible to participate in private capital markets. The proposed rule—Amending the “Accredited Investor” Definition—seeks to update and improve the definition to more...


SBA Lending Rule Changes

February 12, 2020

Late last week, Senate Committee on Small Business and Entrepreneurship Chair Marco Rubio sent a letter to SBA Administrator Jovita Carranza calling for a delay to an interim final rule on SBA express loans. In his letter, he states, “I am deeply concerned that this rule will have a detrimental...


Senate Committee OKs SBA Nominee

December 18, 2019

Earlier today, Dec. 18, the U.S. Senate Committee on Small Business and Entrepreneurship held a meeting where they voted to approve the nomination of Jovita Carranza, President Trump’s nominee to head the U.S. Small Business Administration (SBA). The committee voted 17:2 to approve Carranza’s nomination which will now move to...


NSBA Warns Against 7(a) shutdown

September 4, 2019

Earlier this week, NSBA and the Small Business Access to Capital Coalition urged Congressional leaders to avoid an Oct. 1 shutdown of the SBA 7(a) loan program.