Today, the Small Business Administration (SBA) announced a groundbreaking initiative to address undercapitalization, a challenge facing America’s underserved small business owners. Beginning July 1, lenders will no longer have to perform an analysis of cash flow or debt-service coverage on loans of $350,000 or less, thereby eliminating two burdensome requirements. Using the new SBA scoring tool, banks will be incentivized to underwrite more small-dollar loans, and reduce the time needed to originate a small-dollar loan by as much as 50%.
NWBC Public Meeting: Innovative Strategies for Women to Raise Capital
NWBC Chair to Keynote Crowdfunding Webinar
Crowdfunding: A Key Resource in Advancing Women’s Access to Capital
Every year since 1963, the U.S. Small Business Administration honors our nation’s entrepreneurs and small business owners through its annual National Small Business Week. This year’s National Small Business Week will be held May 12th-May 16th. Throughout the week SBA and partners will highlight America’s outstanding entrepreneurs and small business owners through a multi-city tour.
The National Women’s Business Council (NWBC) released the following statement commemorating National Small Business Week:
(Washington, DC) — Today, the National Women’s Business Council (NWBC) announced its new Executive Director: Amanda Brown. Amanda was most recently the National Political Director for Rock the Vote. She is a Forbes 2014 30-under-30 recipient and has previously served as an Advisor for Strategic Planning to the U.S. Department of Energy Secretary Steven Chu.
As Mother’s Day approaches the National Women’s Business Council (NWBC) is honoring Mother’s Day in conjuction with StartUpNation by celebrating our nation’s top 100 leading moms in business. In tribute to mom-entrepreneurs, StartUpNation will be highlighting astonishing moms in business with their 6th annual Leading Moms in Business competition.
Special Guest: Divya Nag
Washington, DC— As STEM continues to heavily influence technological advances and future innovations, the National Women's Business Council (NWBC) and the Small Business Administration (SBA) will facilitate a #STEMforHer twitter conversation to highlight the growing interest of women and girls in STEM.
Washington, DC— Today the National Women’s Business Council released key findings on factors influencing the growth of women-owned businesses. The National Women’s Business Council initiated this research to determine the factors influencing and prohibiting growth of women-owned business.