In a space long dominated by white men, these brothers are carving out a niche that champions investing in businesses owned by women and people of color.
Source: The Root
To date, Kabbage has loaned out $7 billion in capital to 185,000 businesses. Check out their story now.
Source: Atlanta Small Business Network
The SBA estimates that nearly 90,000 additional businesses will gain small business status under the adjusted size standards, becoming eligible for SBA loan and contracting programs.
Source: PR Newswire
Administration and Congressional leaders agreed to suspend mandatory discretionary budget cuts included in the Budget Control Act of 2011. That means funding cuts to the SBA and the CDFI Fund will likely be averted.
The agenda includes proposals to create Entrepreneurial Opportunity Zones, and a “Mom and Pop” tax credit for small businesses to provide up to $50,000 in lifetime tax credit based on demonstrated growth of the business.
Source: The Hill