New York SBDC Research Network

From Coleman Report The White House’s FY 2019 proposed budget released [recently] supports $30 billion in SBA 7(a) funding. That is a 10% increase over anticipated $27 billion in loans for FY 2018. Given the Administrator’s newly granted ability to increase 7(a) by 10% if needed at the end of a fiscal year, there should be sufficient 7(a) loan supply to meet 7(a) loan demand. The White House is weighing in on the credit elsewhere rule saying: SBA fills a critical void in the market when economic shocks reduce traditional lending to small businesses and when the private market is unwilling to provide capital to credit-worthy borrowers. However, during prosperous economic times such as these, the Budget proposes that SBA introduce counter-cyclical policies to its business loan guarantee programs that enables it to maintain its operations while ensuring that it is not displacing direct private lending. Through an adjustment of fees across its business loan guarantee programs, SB...

The US House of Representatives has passed HR 5485, the Financial Services and General Government Appropriations for FY2017.  This bill, which funds the US Small Business Administration, includes $130 million in support for the 63 Small Business Development Center (SBDC) networks and their nearly 1,000 centers across the United States and in DC, Puerto Rico, the Virgin Islands, Guam and American Samoa.   "We particularly want to thank Financial Services Subcommittee Chairman Ander Crenshaw for his support. This funding increase will enable SBDCs to expand and improve our ability to assist small businesses nationwide, small businesses that are the vital foundation of our national economy.  Every day small businesses face challenges with access to capital, sales, marketing, and a host of other issues. This funding will make sure that SBDCs are there to help them grow and create jobs"

I wrote a piece last week with a similar theme, but it bears repeating. Every day, I get an email from the National Federation of Independent Business, providing links to recent news stories on a whole spectrum of small business-related trends. Lately, every day there's another article with a title that indicates the overall angry mood of our nation's entrepreneurs. Here are two new ones: No Small Differences Over Obama’s Treatment of Small Business (from the "Front Row Washington" blog on the Reuters website) Obama's Budget to Raise Small-Business Taxes (from an opinion piece by Donald Lambro, in the Washington Times ) And then this, with a much different point of view: FACT CHECK: GOP Adrift on Small Business Claim The numbers are so politicized, it's difficult to ascertain what's truth, and what is just spin. Anyone have a story from an actual business owner, who can compare and contrast his or her return from this year to one in the recent past? I...