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Industry News - April 16, 2019
April 16, 2019
USDA Announces Higher Limits Available for Farm Loans
Under the new Farm Bill, farmers can receive up to $100,000 through multiple microloan programs that provide flexible access to credit for small, beginning, niche, and non-traditional farms.
Source: ABC KHGI-TV Nebraska
Sen. Ben Cardin Proposes Legislation to Help Returning Citizens Start Businesses
The NEW START Act would create an SBA grant program for organizations that provide business counseling and entrepreneurial training to recently incarcerated individuals.
Source: Technically Media
How a North Carolina Startup Became the Nation’s Largest SBA Lender
Live Oak Bank, a $3.6B institution based in North Carolina, has earned a reputation as an innovator with a high-touch, high-tech approach to small business lending.
Source: ABA Banking Journal
Small Business Loan Approvals at Big Banks Hit New High
The approval percentage for small business loan applicants hit a record high of 27.3% at big banks, according to the latest Biz2Credit Small Business Lending Index.
Source: Forbes
CUNA Addresses Credit Union Priorities for Federal Agency Budget Hearings
In the past week, the Credit Union National Association (CUNA) has raised advocacy priorities for America’s 115 million credit union members in three appropriations letters and one resolution letter.
