Microloan Business Spotlight: Making River Dog Paddle Co. a Reality
Access to Capital for Entrepreneurs (ACE), is a member of the Friends of the SBA Microloan program and located in Georgia. Since its inception in 1999, ACE has lent more than $37 million to 725 small businesses, saving or created more than 6,200 jobs in the state. ACE uses these federal programs and leverages significant private funds to assist underserved…
Microloan Business Spotlight: Brewing Beer to Life
Small Business Loans (CDC Loans) is a member of the Friends of the SBA Microloan Program and an active SBA Microloan intermediary. A nonprofit organization, located in San Diego, California, CDC Loans offers low interest financing programs to businesses of all shapes and sizes so they can expand, grow, and create jobs. Throughout their 39 year history, the organization has…
WWBIC Receives Jody C. Raskind Award
Written by Ayrianne Parks and Sam Rapoza The Wisconsin Women’s Business Initiative Corporation, (WWBIC) is a long time member of the Friends of the SBA Microloan Program, based in Wisconsin. WWBIC helps individuals who face barriers that keep them from getting the funding needed to start or keep their business running. On Sunday, Wendy K. Baumann, WWBIC President and CVO,…
March 2017 SBA Microloan Briefing
On March 30th, the Friends of the SBA Microloan Program gathered in Washington, D.C. to meet with senior SBA staff and Members of Congress and their staff about their work as Microloan intermediaries. As a part of the effort, the group hosted a Congressional Briefing in the House Small Business Committee Room. Ayrianne Parks of Rapoza Associates welcomed attendees and…
House Appropriations Committee Releases FY16 Financial Services Bill
The House Appropriations Committee approved the Fiscal Year 2016 Financial Services Bill on June 17, on a vote of 30-to-20. The bill provides a total of $20.2 billion in funding for the Treasury Department, the Judiciary, the Small Business Administration (SBA), and the Securities and Exchange Committee, which is $1.3 billion below the FY15 allocation and $4.8 billion below the…
In the News
Treasurer Spencer Coggs Keynote Speaker at Financial Education Graduation Milwaukee Courier Coggs stated “You are taking control of your future by participating and completing this course in financial literacy.” Sponsored by the Housing Authority of the City of Milwaukee (HACM) and the Wisconsin Women’s Business Initiative Corporation (WWBIC), the 100 graduates had completed the classes they had taken since January…
Legislative Update
On June 10, 2015, the House Committee on Small Business held a markup to consider several bills, including H.R. 2670, the Microloan Modernization Act of 2015, which passed by voice vote. The bill contains seven sections. Notably, Section 2 provides a waiver of the 25/75 rule. Under the bill, intermediaries would be able to apply to the Administrator for a…