Mortgage Blog

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..

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 is steadily adding to its Bitcoin mining capacity after reinventing itself as a crypto-focused enterprise in 2022.

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.

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.

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Humans are hardwired to want to belong to groups. Many organizations have widened their inclusivity efforts to prioritize a sense of belonging for employees at every level.

At TriHealth, this work may be using a newer name (“belonging”), but it is tied to the health system’s value system and has been part of its leaders’ commitment to the community since the mid-1990s, according to Mark Clement,…

The schools hope the NIH-affiliated accelerator can become a hub for Baltimore's expanding life sciences industry. Read on for more on how the project aims to keep more life science companies in the region.

Dividends were paid and sometimes upped in 2023.

Biotech companies that went public in the last few years, like San Jose-based Eargo, are leaving Wall Street and going private.

In this guest column, an Arizona businessman and former member of Phoenix City Council argues that a number of proposed regulations being considered by the U.S. Securities and Exchange Commission could put the brakes on Arizona's strong post-pandemic economic performance in the past couple of years.