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Management

Globenewswire | April 13, 2023

The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the middle out and bottom-up, not top-down. The final rules grant permanence to SBA’s program for nonprofit mission lenders, remove outdated limits on non-depository lender participation, increase opportunities for employee ownership, ...

Technology

PRnewswire | July 24, 2023

Operation HOPE, the nation's leading non-profit dedicated to financial literacy, today announced second quarter impact results from its groundbreaking One Million Black Businesses (1MBB) initiative. Launched in 2020, 1MBB has provided access to an integrated suite of services, knowledge, capital and technology tools needed to launch, sustain, and grow new Black businesses, at no cost to program participants. Operation HOPE tracks and measures the success of the 1MBB Initiati...

Management

Prospera USA | February 14, 2023

On February 13, 2023, Prospera, a non-profit economic development organization, announced receiving its first grant from a non-profit organization, The Rockefeller Foundation, to offer procurement-focused training and technical help to small, Hispanic-owned businesses in the Miami and Atlanta metro areas. Grant-funded educational programs will focus on a variety of procurement-related matters, including bidding processes and resources, minority certifications, and access to capi...

Management

U.S. Small Business Administration | December 15, 2022

Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the signing of the Strategic Alliance Memorandum (SAM) with BAFT (Bankers Association for Finance and Trade), the leading global financial services association for international transaction banking, which will formalize the SBA’s existing relationship with the association. BAFT and SBA ...