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
SBA Reports ‘Major Increase’ of Loans to Black-Owned Businesses
The US Small Business Administration reported an...
Brookline Bank Provides $1M Credit Line to MCCI for Small Biz Loan Program
Boston-based Brookline Bank has provided a $1 million line of credit to Mill Cities Community Investments that will fund the latter’s small business lending program.
SBA Releases New Guidelines to Improve Small Biz Lending
The US Small Business Administration has announced changes to its popular 7(a) and 504 loan programs it hopes will make the process of getting a loan easier and seamless for small businesses.
Financing Boost Sought For Entrepreneurs Of Color
During the COVID-19 pandemic, Massachusetts has provided “unprecedented support” and “unprecedented access to capital” to entrepreneurs of color, MassINC research director Benjamin Forman told lawmakers Tuesday.
Align Credit Union and Others Launch New Fund to Support Haverhill Small Businesses
Align Credit Union is launching a new fund to provide business loans to new or growing Haverhill-based small businesses that have not been able to secure conventional bank financing.
Small Business Loans in Minority Neighborhoods Increase
The number of small business loan originations and total volume in minority areas in Massachusetts in 2016 was the highest it’s been in nearly a decade. But both of those categories still only make up less than 10 percent of all Community Reinvestment Act loans issued in the commonwealth in 2016.
