Tue, January 21, 2025
Mon, January 20, 2025
Sun, January 19, 2025
Sat, January 18, 2025
Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ] - MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ] - CNET
Rocket Money Review 2025
[ Mon, Jan 13th ] - CFO
A CFO action plan for 2025

Game-Changing SBA Updates Every Business Owner Should Know


//business-finance.news-articles.net/content/202 .. ba-updates-every-business-owner-should-know.html
Published in Business and Finance on by Forbes   Print publication without navigation

These are substantial, strategic changes specifically designed to make it easier than ever for business owners to get their hands on working capital.

The article from Forbes Finance Council, published on January 17, 2025, discusses several significant updates to the Small Business Administration (SBA) programs that are crucial for business owners. Key changes include an increase in the maximum loan amounts for SBA loans, making it easier for small businesses to access larger sums of capital. Additionally, there are new eligibility criteria that now consider a broader range of business types, including startups and businesses in underserved communities. The SBA has also introduced more flexible repayment terms and lower interest rates to reduce the financial burden on borrowers. Another notable update is the enhancement of the SBA's disaster loan program, which now offers quicker processing times and more comprehensive coverage for disaster-related damages. Furthermore, the article highlights the SBA's push towards digital transformation, with improvements in online application processes and support for digital financial management tools. These updates aim to foster a more inclusive and supportive environment for small businesses, helping them thrive in a competitive market.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesfinancecouncil/2025/01/17/game-changing-sba-updates-every-business-owner-should-know/ ]

Publication Contributing Sources