AGP Executive Report
Last update: 9 hours agoSMB Lending & Growth Capital: InterVest Capital Partners is acquiring Kapitus, a lender that has provided about $10B in growth capital to 65,000+ small businesses, aiming to expand financing access nationwide. Federal Grants for Supply Chains: The SBA is accepting proposals for its $9M SCALE supply chain grant program, offering 20 awards up to $500,000 over two years to help small businesses strengthen domestic supply chains. PPP Fraud Settlement: SoftBank Robotics America will pay about $3.64M to settle a PPP False Claims Act case tied to eligibility issues involving affiliated entities. Defense Innovation for Small Firms: Nano Nuclear Energy was selected for an AFWERX SBIR Phase I contract to advance its KRONOS MMR energy system for the U.S. Air Force. Local Business Climate & Costs: Virginia’s new pay transparency law requires wage ranges in job postings and bans salary-history questions, changing how employers hire and negotiate. Tourism Spending Shift: In U.S. tourist areas, some small businesses report more Americans taking shorter, closer-to-home trips this summer as travel costs stay high. Disaster Relief: The SBA approved low-interest disaster loans for flood-affected Pennsylvania counties, with a Sept. 21 deadline for physical damage applications.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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