access to capital

Narrower SBA direct lending plan fails to appease banks, credit unions

“My gut reaction was that SBA has no business doing direct lending,” Nimi Natan, president and CEO of Gulf Coast Small Business Lending said. “Then I had a chance to reflect and I realized the SBA is trying to serve people we don’t get to.” American Banker November 2, 2021 By  John Reosti In a bid

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Business organizations respond to GOP opposition to SBA direct loans to small businesses

Press Release October 11, 2021 Contact: Frank Knapp 803-600-6874 fknapp@scsbc.org A coalition of national, state, and local business organizations today sent a letter to Congressional leaders in response to House and Senate Republican letters opposed to a commonsense solution to the problem of entrepreneurs and small businesses not having needed access to capital. The business

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Opinion: Direct loans from SBA are no threat to private lenders

BankThink American Banker October 8, 2021 By  Frank Knapp Jr. In March of this year a campaign was launched by numerous national, state, and local business organizations to address the country’s 40-year low in new business startups. One of the recommendations was for the U.S. Small Business Administration to directly make startup and microloans of

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New study finds optimism, along with lingering concerns, among small businesses

Columbia Regional Business Report September 15, 2021 By Melinda Waldrop As the National Small Business Week Virtual Summit winds down, a new report reflects growing optimism among S.C. small businesses, while another study points to a continued labor shortage in the state. Following up on a February survey, Facebook’s September Global State of Small Business

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“Revitalizing America’s Cities”—Watch Video from The Hil

July 15, 2021 Today, The Hill hosted a special virtual event, “Revitalizing America’s Cities” that featured Mayors from across the country discussing what their cities are or will be doing to promote the success of microbusinesses to make their cities more resilient. The Hill is a Washington, DC-based media company focused on political news. Below

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Getting back on track. SBA webinar today at 4

The Small Business Administration (SBA) & Public Private Strategies Institute (PPSI) are providing several educational opportunities for you to learn more about programs that will help your business get back on track.  This is part of an effort to ensure that American small businesses know about the many resources to help their business grow and

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Opinion: Business Campaign for Better Access to Capital for Black Entrepreneurs

Jacksonville Free Press April 21, 2021 By Frank Knapp Jr. and Derek Peebles In September of 2019, long before anyone had ever heard of the coronavirus, The Republican Party’s only Black U.S. Senator, Tim Scott (R-SC) announced that he had introduced the Enhancing Entrepreneurship for the 21st Century Act along with Democratic Senator Amy Klobuchar. The

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Minority Entrepreneurs Struggled to Get Small-Business Relief Loans

The New York Times April 4, 2021 A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses. Shaundell Newsome of Small Business for America’s Future said changes were needed throughout the banking industry to improve outcomes for Black owners. By Stacy Cowley Southern Bancorp is a lender

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Reform the SBA discussed on WRHI 3-24-21: Listen

March 24, 2021 Reform the SBA was the subject on WRHI’s Palmetto Mornings radio show in Rock Hill, SC. Hosts Lucas McFadden and Patti Mercer talked with Frank Knapp, campaign coordinator and CEO of the SC Small Business Chamber of Commerce. Listen here: https://reformthesba.com/wrhi-interview-on-reforming-the-sba-3-24-21/

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