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What new lending regulations mean for small-business owners

Published Sat, 22 Feb 2025 04:28:28 GMT

The U.S. Small Business Administration and Consumer Financial Protection Bureau each issued new rules earlier this year that aim to expand funding access for small-business owners, especially those in underserved communities.As of Aug. 1, 2023, updates to the SBA’s rules will allow for new, nonbank lenders to offer SBA 7(a) loans, as well as update restrictive lending criteria. And starting in 2024, the CFPB will begin requiring lenders to provide the public with transparent data on small-business owner loan applications. Here’s what this means for business owners.ADDITIONAL NONBANK SBA LENDERSSmall business lending companies, or SBLCs, are nonbank institutions — such as financial technology companies and alternative lenders — that are authorized to fund SBA loans. SBLC licenses have been limited to 14 since the early 1980s, but the SBA has now added three additional licenses.The goal of this change is to encourage more lenders to offer SBA-backed loans and thereby reach more small-...

Man dies after being found shot multiple times in alley on West Side

Published Sat, 22 Feb 2025 04:28:28 GMT

CHICAGO — A man has died after being found unresponsive with multiple gunshot wounds on the city's West Side.Police said officers responded to a person shot to the 2700 block of West Wilcox around 10:20 p.m. Wednesday. Upon arrival, a man, believed to be in his 40s, was found unresponsive in an alley.According to police, the man sustained six gunshot wounds to the torso. He was transported to Mount Sinai Hospital in critical condition where he was pronounced dead. CPD: 2 critical after shooting outside funeral home No one is in custody. Area Four detectives are investigating.

Maui fires: Schools reopening, traffic resuming in signs of recovery

Published Sat, 22 Feb 2025 04:28:28 GMT

LAHAINA, Hawaii (NEXSTAR) — Public schools on Maui started the process of reopening and traffic resumed on a major road in signs of recovery a week after wildfires demolished a historic town and killed at least 111 people, while the head of the island's emergency agency said he had “no regret” that sirens weren't sounded to warn people about the onrushing flames.At least three schools untouched by flames in Lahaina, where entire neighborhoods were reduced to ash, were still being assessed after sustaining wind damage, Hawaii Department of Education superintendent Keith Hayashi said. Maui boat captain details rescue of two children during fire “There’s still a lot of work to do, but overall the campuses and classrooms are in good condition structurally, which is encouraging,” Hayashi said in a video update. “We know the recovery effort is still in the early stages, and we continue to grieve the many lives lost.”Maui County confirmed the death toll increased to 111. T...

Amber Alert issued for 2-year-old missing from Beaumont

Published Sat, 22 Feb 2025 04:28:28 GMT

BEAUMONT, Texas (KXAN) -- An Amber Alert was issued overnight for a 2-year-old boy from Beaumont. The Beaumont Police Department is searching for Braylon Harris, a Black 2-year-old boy who is described as 2'11" with brown hair, brown eyes, and was last seen with braids in his hair. His clothing was unknown. Braylon Harris (Photo: Texas Department of Public Safety)Police are looking for Georgiann Randall in connection to Harris's abduction. Randall is described as a Black, 29-year-old woman who is 5'7" and 110 lbs with black hair and brown eyes. Georgiann Randall (Photo: Texas Department of Public Safety)Randall believed to be driving a grey SUV with an unknown license plate number. She was last seen in Beaumont. Police believe Harris is in grave or immediate danger. If you have information regarding this abduction, call the Beaumont Police Department at 409--880-3865.

Back to school: Online safety tips you should know about

Published Sat, 22 Feb 2025 04:28:28 GMT

AUSTIN (KXAN) -- As any proud parent would be, there's a moment of celebration when you send your child on to their next milestone for the next school year. But as things get back into gear, what are some online safety tips to help keep you and your family safe?The Better Business Bureau (BBB) has multiple articles with tips on sharing back-to-school photos of your children and back-to-school internet safety tips.Sharing back-to-school photosAs you share those precious back-to-school photos, the BBB wants to remind parents to be cautious about what you share.Photo tipsAvoid sharing personal details about your child. Back-to-school photos often involve kids holding a board with their full name, age, height, as well as other details. People or predators could use this information to commit identity theft or earn your child’s trust, the BBB said. Leave off information about kids' schools. Even sharing the name of your child’s school, teacher, or grade leve...

Police ask for tips to find baby taken by mom’s former boyfriend in St. Paul

Published Sat, 22 Feb 2025 04:28:28 GMT

St. Paul police are asking for tips after they say a woman’s former boyfriend took her 6-month-old baby.The infant, My’Air, was last seen Monday when Nichlis Kruse drove away with him, police announced early Thursday. He left in a black 2010 Chevrolet Tahoe with Minnesota license plate HGK499.“Kruse sent a threatening message on the night of Aug. 16 to My’Air’s mother and we are concerned for the welfare of My’Air,” police wrote in an alert on social media, which described My’Air as an endangered baby.Police asked anyone with information about the infant, Kruse or the Tahoe to call police at 911 or 651-291-1111. Related ArticlesCrime & Public Safety | Two charged in shooting undercover Minneapolis police officer Crime & Public Safety | Police ID man killed on Raspberry Island as St. Paul 20-year-old Crime & Public Safety | 14 more members of Minneapolis gangs are charged in federal violent crime ini...

Small southeastern Minnesota town loses its entire police force to resignation

Published Sat, 22 Feb 2025 04:28:28 GMT

GOODHUE, Minn. — By Aug. 24, the city of Goodhue will be without any police officers on staff, a consequence of low pay and difficulty recruiting new hires in the southeastern Minnesota community of 1,200.On Monday, the City Council accepted the resignations of Police Chief Josh Smith and full-time Officer Anthony Brecht. Five part-time officers also resigned, leaving the town without any officers.“We no longer have a police force,” said Goodhue Mayor Ellen Anderson Buck.Buck said all current investigations being conducted by the city’s police department would be handed over to the Goodhue County Sheriff’s Office.“Josh is working with (Sheriff’s Office Chief Deputy) John Huneke,” the mayor said. “All current cases will be handed over to Goodhue County.”Buck said she wanted to assure the City Council and the residents of Goodhue that the city would continue to receive police coverage, mainly from the sheriff’s office, on an ...

Cellist Yo-Yo Ma cancels SPAC performance

Published Sat, 22 Feb 2025 04:28:28 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- Cellist Yo-Yo Ma has canceled his performance scheduled for the Saratoga Performing Arts Center (SPAC) on August 17. According to SPAC President & CEO Elizabeth Sobol, the cancellation is due to Ma not feeling well after testing positive for COVID-19. Get the latest news, weather, sports and entertainment delivered right to your inbox! Ma had to cancel his performances at Tanglewood in Lenox, Massachusetts last weekend due to testing positive for COVID. Sobol said he is still not well enough to perform on Thursday."SPAC is fortunate to have Yo-Yo’s great friend and collaborator, the incomparable pianist Emanuel Ax – who has not been to SPAC since 2015 – join us for a performance of Mozart’s Piano Concerto in G Major," reads the SPAC website. Stacks Espresso Bar opening new location in Colonie Ma was originally set to perform Dvořák’s “Cello Concerto." The Mozart performance will be followed by Prokofiev Symphony No. 5 led by conductor, Xian...

First day of school for Belleville District 118

Published Sat, 22 Feb 2025 04:28:28 GMT

BELLEVILLE, Ill. - Many more Illinois students are heading back to school Thursday morning. Among those starting is Belleville District 118.Westhaven Elementary School is one of the schools in District 118. There is a 'Welcome Back Patriots' sign in front of the school. There are also more welcome-back messages written in chalk on the sidewalk.The bell will go off at 8:25 a.m.This has been back-to-school week for a lot of Illinois school districts in the region. Belleville School District 118 is home to several elementary and junior high schools. There are a total of 11 schools and about 3,300 students in the district. Cannabis recall in Missouri: Dispensaries pulling 60K products After students here finish the 8th grade, they switch over to Belleville District 201, which has two high schools, Belleville East and Belleville West. Those schools started Wednesday.District 118 Superintendent Ryan Boike says the district is committed to making sure that all students, staff, and famili...

Crews responding to house fire in Glencoe neighborhood

Published Sat, 22 Feb 2025 04:28:28 GMT

WILDWOOD, Mo. - Emergency crews are at the scene of a house fire Thursday morning.Our Bommarito Automotive Group SkyFOX helicopter was flying over the area located on the 2700 block of Sundance Court in the Glencoe neighborhood, where smoke can be seen coming from the roof of the home. Task force formed to help sidewalk squatters So far, the cause of the fire is unknown, and there are no reports of injuries. FOX 2 will update this story with more information as it becomes available.