Daily Small Business Stories

5 Small Business Stories, Trends, and Tips for the Week

1- New SBA rule doubles lending cap, unlocking Utah small business expansion

Under the new rule, eligible businesses can access up to $10 million in combined SBA-backed financing through the 7(a) and 504 programs. That’s double the previous limit and more in line with the rising costs of doing business. Read more at https://www.utahbusiness.com/industry/2026/07/02/sba-doubles-lending-limit-utah-small-business-expansion-10-million/

2- Ransomware Thugs Masquerade as Interpol to Entice Small Biz

An emerging ransomware campaign is targeting small businesses across multiple regions with fake Interpol notices designed to trick victims into downloading malware disguised as evidence of alleged criminal activity. Read more at https://www.darkreading.com/cyberattacks-data-breaches/attackers-use-interpol-lure-target-small-businesses

3- Small Biz Loans Up to $5M Each Available for Meat Industry Projects

Business people seeking to start or expand processing or related meat industry enterprises can pursue loans through their lenders of up to $5 million with federal backing, according to Small Business Administration (SBA) Deputy Administrator Bill Briggs. Assisted by USDA, SBA announced in March that it would be offering what. Read more at https://meatingplace.com/small-biz-loans-up-to-5m-each-available-for-meat-industry-projects/

4- Hello Funding Caps Record Quarter as Demand from Small Business Owners Accelerates

Hello Funding LLC, a commercial finance brokerage serving small and mid-sized businesses nationwide, closed its strongest quarter to date as demand for fast, flexible working capital continued to climb across multiple industries. Read more at https://markets.businessinsider.com/news/stocks/hello-funding-caps-record-quarter-as-demand-from-small-business-owners-accelerates-1036289915

5- SoFi brings small business lending to its all-in-one finance platform

SoFi launched SoFi Small Business Loans, expanding beyond consumer financial products into business lending, per a press release. The new offering is designed to help entrepreneurs and small business owners access financing through SoFi’s digital platform, marking another step in the company’s strategy to become an all-in-one financial services provider. Read more at https://www.emarketer.com/content/sofi-brings-small-business-lending-finance-platform