🔔New Year, New SBLC Licenses!🔔Jan. 7, 2025

In this episode of "SBA Today," hosts Paul Long and Tonya Mazurek navigate through the latest developments in the world of the Small Business Administration for the week of January 6, 2025.

Reflecting on their holiday experiences, the hosts dive into how fluctuations in small business lending limits and new SBLC licenses are influencing the financial landscape. This episode serves up a rich dialogue on the delicate balance between economic progress and the inherent challenges businesses face.

Key Takeaways:

• The SBA has avoided a government shutdown, safeguarding resources and disaster funds for vulnerable communities.
• Lending limits for community advantage SBLCs have increased from $350,000 to $500,000, supporting broader access to financial resources.
• The FDIC reports a decline in small business loans, underscoring the influence of rising interest rates and tightened loan standards.
• SBA lending strategies involve balancing risk, especially regarding working capital loans.
• Looking ahead, both hosts emphasize the importance of opportunity and communication in personal and professional growth. 

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. ______________________________________________________

Are you a business owner or prospective business owner? Let’s see how we can help you.

If your business or perspective business is in:

Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union plong@gesa.com

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank tmazurek@mwregionalbank.com