CDFI Loan Funds in Jeopardy! Call your Senator now!

CDFI Loan Funds in Jeopardy! Call your Senator now!

The Senate will vote THIS MORNING to determine whether the Small Business Jobs Package moves forward. As many of you know, AEO has been working hard with our champions in the Senate to pass a Small Business Jobs Package that includes long sought-after changes to the Microloan Program, allows SBA to waive non-federal matching funds requirements for Microloan Intermediaries and Women's Business Centers, and creates a Small Business Lending Fund that would allow CDFI loan funds to access equity equivalent capital at a rate of 2% per year for …

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Smart Small Business Investments Go Beyond Access to Capital

Smart Small Business Investments Go Beyond Access to Capital

Business training is one of the best investments an entrepreneur can make for his business. Even the best business idea can flop if the entrepreneur does not have the business savvy and skills to make it happen. We need small businesses to be successful, to create jobs, and rebuild our economy. Support for US small businesses needs to go beyond access to credit and investment in business training programs MUST be part of the strategy.

For almost two decades, the Small Business Administration and nonprofit member organizations of …

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Senate Scheduled to Review the Small Business Jobs Package

Senate Scheduled to Review the Small Business Jobs Package

Small businesses are our best bet for a job rich recovery and we owe it to US entrepreneurs to enact policies that work. Despite the reported “plunge” in SBA lending, demand for business capital is still high from many segments of small business owners, particularly those who are first time and early stage entrepreneurs and for those who may have experience but no collateral or have seen their collateral value disappear. The SBA has been quite effective in getting capital into the hands of these small business owners …

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Small businesses are our best bet for a “job-full”recovery

Small businesses are our best bet for a “job-full”recovery

A recent post on The New York Times small business blog reports that SBA small business lending dramatically decreased in June 2010. Below is AEO's response. 

 

Small businesses are our best bet for a “job-full”recovery and we owe it to US entrepreneurs to enact policies that work. Despite the reported “plunge” in SBA lending, demand for business capital is still high and the SBA has been effective in getting capital into the hands of small business owners. The Small Business Jobs Package, scheduled to be …

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AEO Update: PRIME NoFA

AEO Update: PRIME NoFA

Several AEO members have voiced serious concern regarding the PRIME Notice of Funding Availability (NoFA). Specifically, there was concern that funding was improperly allocated among the different PRIME Tracks, and that the intent of the NoFA was to channel resources to the SBA Women's Business Center Program.

In response, AEO has written a letter to the SBA asking that SBA:
 

1. Clarify that Track 1 will receive 75% of PRIME FY 2010 funding, as required by law. PRIME was …

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