Author Archives: admin

Access to Capital for Entrepreneurs (ACE), is a member of the Friends of the SBA Microloan program and located in Georgia. Since its inception in 1999, ACE has lent more than $37 million to 725 small businesses, saving or created more than 6,200 jobs in the state. ACE uses these federal programs and leverages significant private funds to assist underserved…

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Small Business Loans (CDC Loans) is a member of the Friends of the SBA Microloan Program and an active SBA Microloan intermediary. A nonprofit organization, located in San Diego, California, CDC Loans offers low interest financing programs to businesses of all shapes and sizes so they can expand, grow, and create jobs. Throughout their 39 year history, the organization has…

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Written by Ayrianne Parks and Sam Rapoza The Wisconsin Women’s Business Initiative Corporation, (WWBIC) is a long time member of the Friends of the SBA Microloan Program, based in Wisconsin. WWBIC helps individuals who face barriers that keep them from getting the funding needed to start or keep their business running. On Sunday, Wendy K. Baumann, WWBIC President and CVO,…

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Written by Sam Rapoza The Mountain Association for Community Economic Development (MACED) is a long time member of the Friends of the SBA Microloan Program. MACED is local to Kentucky, and partners with people local to the state who like Ms. Suramek, are keen on building upon the strengths of Kentucky and Central Appalachia through sustainable development. A recent example…

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Written by Sam Rapoza This week is National Small Business Week. Since 1963, presidents have declared a week recognizing contributions of our country’s entrepreneurs and small business owners. Our members, the Friends of the SBA Microloan Program, play an important role in supporting entrepreneurs the Small Business Administration (SBA) Microloan Program. This is the largest federal program exclusively targeted to supporting…

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On March 30th, the Friends of the SBA Microloan Program gathered in Washington, D.C. to meet with senior SBA staff and Members of Congress and their staff about their work as Microloan intermediaries.  As a part of the effort, the group hosted a Congressional Briefing in the House Small Business Committee Room.  Ayrianne Parks of Rapoza Associates welcomed attendees and…

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Colorado Enterprise Fund (CEF), a member of the Friends of the SBA Microloan Program, is turning 40! The organization, which is a private non-profit lending institution offering loans to small businesses in Colorado, provides technical assistance and capital to help promote business development and growth. In fact, CEF has loaned over $49 million to more than 1,700 businesses since 1976, helping…

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Accion recently received a recommendation from Business News Daily, which highlights the Friends member as the best alternative lender for startup loans. Accion was chosen from dozens of alternative lenders. Read the story…

The House Appropriations Committee approved the Fiscal Year 2016 Financial Services Bill on June 17, on a vote of 30-to-20.  The bill provides a total of $20.2 billion in funding for the Treasury Department, the Judiciary, the Small Business Administration (SBA), and the Securities and Exchange Committee, which is $1.3 billion below the FY15 allocation and $4.8 billion below the…

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Treasurer Spencer Coggs Keynote Speaker at Financial Education Graduation Milwaukee Courier Coggs stated “You are taking control of your future by participating and completing this course in financial literacy.” Sponsored by the Housing Authority of the City of Milwaukee (HACM) and the Wisconsin Women’s Business Initiative Corporation (WWBIC), the 100 graduates had completed the classes they had taken since January…

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On June 10, 2015, the House Committee on Small Business held a markup to consider several bills, including H.R. 2670, the Microloan Modernization Act of 2015, which passed by voice vote. The bill contains seven sections.  Notably, Section 2 provides a waiver of the 25/75 rule.  Under the bill, intermediaries would be able to apply to the Administrator for a…

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The Wisconsin Women’s Business Initiative Corporation (WWBIC), a Friends of the SBA Microloan Program member, partnered with the Housing Authority of the City of Milwaukee to sponsor to the “Make Your Money Talk” financial education class.  Make Your Money Talk is a personal money management program that provides individuals with the opportunity to improve their personal money management skills, address…

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