Category Archives: Press
RECAPPING BUSINESS LUNCHEON
Hosted: Wed, August 24th, 2016
Over 25 years experience.
Nationally recognized SMB expert.
SBA’s National Board of Directors.
Chair of Hawaii Chambers SBE.
The Hawaii Kai Chamber of Commerce hosted a business luncheon for the east-side business community at Outback Steakhouse on Wednesday, August 24, 2016. Topics discussed: SBA Regulatory Board Update, Small Business and Entrepreneur Briefing, Business in Hawaii Show Highlights, and an “Anything Goes” Q-&-A from the audience.
WELCOMING OUR NEWEST
Malama Maunalua has several big groups involved in Imua Maunalua, including the Polynesian Voyaging Society, the Hawaii Kai Chamber of Commerce, The Nature Conservancy, Conservation International and Castle Foundation, plus support from DLNR and the National Oceanic and Atmospheric Administration’s Office of National Marine Sanctuaries. The plan the group wants to develop is separate from the management plan that NOAA is working on. to Read more please visit http://www.civilbeat.com/2015/09/imua-maunalua-group-launches-new-planning-process-to-help-troubled-bay/
Courtesy of : Pacific Business News
SBA loans on hold; queue set up for 7(a) loans until more money is found
The Small Business Administration, its lenders and small business groups are urging… more
The Small Business Administration has instituted a waiting list for its flagship 7(a) loans because the program hit its annual lending cap of $18.75 billion on Thursday.
SBA officials, lenders and small business groups are urging Congress to raise the program’s authorization to $23.5 billion in order to free up loans for small businesses. Demand for the program is high because the government-guaranteed loans are the primary source of long-term loans, which feature lower monthly payments, for small businesses.
In recent weeks, lenders have been rushing to get loans processed for their clients, in anticipation that the cap would be reached. That has accelerated 7(a) lending to a fever pitch — more than $3 billion SBA loans have been processed since the beginning of this month. That’s more than five times the normal volume, according to the SBA. Loans on the SBA’s waiting list will be approved in their order in the queue as more funding authority becomes available, either through congressional action or by cancellations of already-approved loans.
In a letter to members of Congress, Small Business Majority Founder and CEO urged them to quickly raise the SBA’s lending authority in order for the agency to meet the demand for these loans.