SBA

Thomas “Hunter” Deweese has been tapped to serve as the Small Business Administration (SBA) president for Southern Bancorp. Most recently, Deweese served as the senior SBA agricultural lending officer for Southern Bancorp, a Community Development Financial Institution. He joined Southern…

The Small Business Administration is reopening the Paycheck Protection Program (PPP) next week for both new and existing borrowers. In this new round of financing, there will be $284 billion available through March 31, 2021. This additional PPP financing is…

For small businesses across America, 2020 has been one of the most challenging years in history.  Despite the coronavirus pandemic, small business owners have been resilient, pivoting and adapting their business models to navigate continually changing conditions. With the new…

Small businesses will now have a simpler loan forgiveness process for the Payment Protection Program (PPP). The U.S. Small Business Administration (SBA) is streamlining the forgiveness process for entities that have PPP loans of $50,000 or less. This process, developed…

The U.S. Small Business Administration (SBA) has awarded more than $120,000 to the World Trade Center (WTC) Arkansas to help businesses in the state. WTC received $124,722 through the SBA’s State Trade Expansion Program (STEP). This program is designed to…

With businesses reopening across the state and economic reconstitution top of mind, businesses are getting another chance with Small Business Administration (SBA)’s Economic Injury Disaster Loan (EIDL) and a final shot at securing a Paycheck Protection Program (PPP) loan.  The…

Small businesses across Arkansas have been doing everything they can to stay afloat during the coronavirus pandemic. But some have found themselves at a crossroads when it comes to available federal resources, notably loans through the federal Paycheck Protection Program…

The U.S. Small Business Administration (SBA) will be extending economic injury loan coverage to agricultural businesses impacted by the COVID-19 pandemic. SBA Administrator Jovita Carranza announced that agricultural businesses are now eligible for the agency’s Economic Injury Disaster Loan (EIDL)…

Small businesses are the heart of our communities. We all know someone who is a small business owner or employee.  They employ almost 50 percent of the workforce in Arkansas, and if you look at communities throughout our state, these…

The Small Business Administration (SBA) has awarded Startup Junkie with a $50,000 award that will benefit the second Fuel Accelerator. Startup Junkie is one of 60 winners of the SBA’s Growth Accelerator Fund Competition that supports accelerators and incubators. The…