 SBA Administrator Maria Contreras-Sweet has been on the job for 100 days! Check out her progress report to learn about the work she's done and the insights she's gained since being sworn in this April. > Read more Small Business Resources  Go to www.sba.gov for information on SBA programs and services. The SBA Kentucky District Office website has information on workshops and events around the state; visit www.sba.gov/ky.
Miss a Recent Webinar? Watch It Anytime on YouTube! Our YouTube channel has a variety of playlists and how-to webinars. Here are a few recent webinars that you may have missed, but can watch any time on demand: Kentucky District Office www.sba.gov/ky 502-582-5971 + Extension Leadership: Ralph Ross, District Director ralph.ross@sba.gov Ext. 222 Lender Relations: Phil Danhauer, Lead LRS phillip.danhauer@sba.gov X243 Dana Boyd Winston, LRS dana.winston@sba.gov X227 Economic Development: Robert Coffey, BOS, IT, 8(a) robert.coffey@sba.gov Ext. 266 Tommie Causey, EDS, WBC, Veterans' Liaison tommie.causey@sba.gov X237 Michael Ashcraft, EDS, PIO michael.ashcraft@sba.gov X225 Procurement/Size Standards: Gina Holman, Procurement Center Representative gina.holman@sba.gov Ext. 240 Legal Counsel: Dave Higgs, District Counsel david.higgs@sba.gov (615) 736-5881 Extension 239 Sandi Preston, Paralegal Spec. sandra.preston@sba.gov X234 Administration: Diana Hurley, Admin. Officer diana.hurley@sba.gov Ext. 241 | Getting More SBA Loans into the Hands of the Underserved  | | by Cassius Butts, Region IV Administrator for the SBA
As Regional Administrator for Region IV of the U.S. Small Business Administration, my job, and the job of the agency, is to help more small business owners and entrepreneurs gain access to the capital they need to start or grow their business. | SBA has made gains in expanding its programs, but there is still more to do to ensure that our SBA loans are available to every business owner who needs one. Underserved communities in particular still have trouble accessing the capital they need to achieve their dreams.
When Maria Contreras-Sweet became SBA Administrator in April 2014, she made clear that improving access to capital for the underserved would be a top priority. That is why we are pleased to announce that under her leadership SBA will be transforming its guarantee process to serve America's small businesses – and the entrepreneurs who own those businesses – better.
>Read more. SBA Kentucky Success Stories More Than a Restaurant: The Café Is Creating Jobs and Helping Refugees  | | Sal and Cindy Rubino, owners of The Café Restaurant in Louisville. The Café received an SBA 504 loan for $445,000 to provide long-term, fixed financing to purchase equipment and relocate a restaurant to an older building on the edge of | downtown Louisville, KY. The restaurant had been located about a mile away in an antique mall for 12 years. "We absolutely could not have pulled this off without the help of the SBA and the bank" said Sal Rubino. "The loan officer at the bank along with folks at the Certified Development Company (CDC) completely walked us through the process of obtaining the SBA loan. It was their dedication and support that ultimately made our dream come true." >Read more. SBDC Helps Business Thrive  | | Tommy Ray Cornett, Owner of Bleed Blue Tattoo & Piercing, Inc. in Lexington.
Tommy Ray Cornett has been an artist his entire life. Whether drawing temporary tattoos on children in elementary school or sketching while stationed in Germany during his U.S. Army career, he has always been passionate about art. | Cornett, Owner of Bleed Blue Tattoo & Piercing, Inc: SBA KY Small Business Owner of the Year
Tommy began his professional tattooing career in his hometown of Cincinnati in 1998 while attending the University of Cincinnati, where he majored in Design. Eight years later, he opened Bleed Blue Tattoo & Piercing Inc. in Lexington, KY and home of the University of Kentucky (UK). Bleed Blue, a name reflecting the passion for UK's "Big Blue Nation," is the premier professional studio in the Lexington area in central Kentucky.
>Read more.
SBA Recently Eased Key Loan Requirements Effective July 1, 2014, SBA lenders no longer have to perform an analysis of cash flow or debt-service coverage on loans of $350,000 or less, eliminating two requirements. Using the new SBA scoring tool, banks are now incentivized to underwrite more small-dollar loans and reduce the time needed to originate a small-dollar loan by as much as 50%.
On July 11, SBA Administrator Maria Contreras-Sweet joined President Obama at the White House to announce the launch of SupplierPay. It's a new project dedicated to giving America's entrepreneurs access to affordable, consistent working capital. It's about paying them on time and keeping their interest rates low, so they can invest in new equipment, new products and new people. > Read more
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