SBA Updates SBDC Regulations | Small Business Credit Survey

In this Must Know…

SBA Updates SBDC Regulations

decorative graphic

On Tuesday, SBA released a final rule that updates regulations for Small Business Development Centers (SBDCs). This is the first set of significant program updates since 1995. Some notable changes include:

  • Addition of WBCs as eligible entities for Lead Centers.
  • Requiring that SBDC service centers be primarily housed within institutions of higher education or WBCs.
  • Clarifying that SBDC employees may participate on boards and panels of financial institutions in their local communities.
  • Allowing an annual review of a Service Center by a Lead Center to be done virtually or in person.

See the full list of updated regulations here.

digital flyer for the Small Business Credit Survey

For Your Clients: Small Business Credit Survey

The Federal Reserve’s Small Business Credit Survey closes November 17, 2023. The 12-minute survey asks questions about small business owners’ experiences in the past year and what they expect in the next 12 months. 

CAMEO is a partner on this effort. By taking the survey, your clients will contribute to data that directly informs the Fed, federal government agencies, service providers, policymakers, and others—ultimately benefitting their business and other businesses in their community. Ask your clients to take the survey!

digital flyer for CDFI Governance training

CDFI Governance Series

Join us November 28, December 5, and December 12, 2023 for the CDFI Governance training, part of CAMEO’s National CDFI Academy.

The three-part series is designed to educate CDFI staff and leadership on the key principles of CDFI governance and guide them through the basic steps in creating a successful governance structure.

CAMEO members will receive a 50% discount when applying the membership code at checkout. If you’re a member but don’t know the code, please contact Daniela Fernandez-Ulen.

This training is sponsored by City National Bank.

The Goodies

Industry News

Take Action

For Your Clients

Other Goodies