Here’s how much you need to make to afford a home in KC’s priciest neighborhoods
The housing market has cooled off nationally in 2023, but that doesn't mean it won't cost a pretty penny to buy homes in these KC-area ZIP codes.
As demand for water rises, North Carolina towns scramble for partners
As developers flood into smaller communities such as Pittsboro and Sanford, the growing demand for water is pushing local utilities to the limit. Now, communities are forming partnerships to increase capacity.
St. Pete Housing Authority receives $1 million for redevelopment of Ed White Hospital
SPHA received further financial support for its plans to bring senior housing to the former Ed White Hospital on Ninth Avenue North.
SBA Lenders Largest 7(a) Loans
Rank
Lender
C. Fla. guaranteed SBA loan amount, as of Sept. 31, 2022
Amount of loan approved
No. of
Central Florida Banking Institutions
Rank
Bank
Total C. Fla. deposits
Total deposits, outside C. Fla.
Market share
Number of C. Fla. loca
SBA 504 third-party lenders in the Austin area
The ABJ 2023 list of SBA 504 third-party lenders focuses on banks that fund a portion of SBA-backed loans made in the Austin-area. Only lenders with local branches are considered for this list. Loan information is supplied by the Small Business Administration (SBA) for loans made for projects in the Austin area between Oct. 1, 2022 and Sept. 30 2023. The 16 third-party lenders on the list with local operations made 26 loans totaling $92.4 million. Overall, $131.6 million was approved to fund 35 projects in the Austin area during this time. The total includes both CDC and third-party lender amounts for all lenders, even if not local. Third-party lenders, usually banks, partner with a CDC to fund projects approved by the SBA. CDCs are nonprofit entities certified by the SBA that partner with banks to make loans. The SBA does not make the loans but guarantee's the CDC portion. Third-party lenders will fund 50 percent of the total project and the CDC will fund up to 40 percent. 504 lo..
SBA7(a) lenders in the Austin area
The 2023 ABJ list of SBA 7(a) lenders focuses on bank lenders that work with the SBA to fund approved projects. Only banks with local branches are considered for this list. To be included, lenders must have made loans to local borrowers during the designated year. Information is supplied by the Small Business Administration (SBA) for loans made between Oct. 1, 2022 and Sept. 30, 2023. Although the SBA does not make the actual loan, it does guarantee a portion of the bank loan. 7(a) loans provide qualified small business with working capital, acquisition financing and other operational needs. Loan maximums top out at $5 million. According to SBA data, the Austin area had $315.4 million in loans approved for 473 projects during this time. Of that total amount, $114.2 million was loaned across 177 projects by the top 25 listmakers. See also related lists of SBA 504 CDC and third-party Lenders.
LM Funding boosts its bitcoin business
LM Funding is steadily adding to its Bitcoin mining capacity after reinventing itself as a crypto-focused enterprise in 2022.
Biz: Raleigh’s Blue Ridge Corridor looks to make leap; Big Chapel Hill project advances
The group that envisioned the rise of the Blue Ridge Corridor is asking the City of Raleigh to create a new tax district to further enhance the area.
Commentary: A nuclear winter is coming for biopharma
The biotech and pharmaceutical sectors are foundational to the Massachusetts economy. Despite the centrality of the life sciences sector to the state’s economy, the Massachusetts political class has always been slightly ambivalent about supporting this largely for-profit sector of healthcare. Politicians here are much more likely to use talking points in their town hall meetings that criticize “greedy drug companies” rather than supporting a sector that provides enormous economic benefit.
For…