SBA: Biz Lending in Mass. Increased 11.9 Percent
More small businesses in Massachusetts were able to get loans backed by the U.S. Small Business Administration for 2023, increasing by 11 percent from last year.
SBA: Eastern Bank Is Top Small Biz Lender in MA
Eastern Bank approved the most amount of loans backed by the U.S. Small Business Administration in Massachusetts during the SBA’s fiscal year 2023, which ended in September
Stimulus Offers Commercial Landlords Savings on Improvements
Commercial landlords will get a tax break on building upgrades under the $2-trillion stimulus package awaiting final approval by the U.S. House of Representatives.
SBA Launches Bridge Loan Program
The U.S. Small Business Administration launched the Express Bridge Loan (EBL) Pilot Program on March 25 to help existing small businesses obtain financing if they already have a relationship with an SBA approved lender.
Businesses Turn to SBA Loans to Buy Instead of Lease
With the local economy remaining strong and interest rates at historic lows, some small business owners have taken advantage of these conditions by turning away from leasing and instead taking out loans to purchase real estate for their businesses.
