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Securing a Small Business Administration (SBA) loan as a Native American entrepreneur follows a similar process to other applicants, with some additional opportunities and resources specifically designed for Native-owned businesses. Remember, the SBA only guaranties the loan, so you will need to seek out a lender who does SBA loans. The basic process starts with … Read more

There are new developments in the legal arena regarding who must file under the Corporate Transparency Act (CTA).  Background and Overview The Corporate Transparency Act (CTA) originally required businesses to report beneficial ownership information (BOI) to the federal government by January 1, 2025. This law was part of the Anti-Money Laundering Act of 2020, designed … Read more

The Small Business Administration (SBA) has taken a significant step forward in expanding access to capital for small businesses by authorizing four new Small Business Lending Companies (SBLCs). This historic expansion, only the second in over 40 years, increases the number of SBLCs from 14 to 20, creating new opportunities for entrepreneurs seeking funding through … Read more

The Corporate Transparency Act enforcement has been reinstated following a stay of the nationwide preliminary injunction by the Fifth Circuit Court of Appeals. In response, the Financial Crimes Enforcement Network (FinCEN) has established new filing deadlines for beneficial ownership information reports. Key Filing Deadlines: • Companies formed before January 1, 2024: Must file by January … Read more

According to Side Hustle Nation, about 39% of American workers have a side hustle. The Rise of Modern Side Hustles The side hustle landscape has evolved dramatically, with approximately 39% of working Americans now maintaining additional income streams. This represents about 80 million people, with even higher participation rates among millennials at 50%. Interestingly, these … Read more