AGP Executive Report
Last update: 7 hours agoSBA Lending Watch: The SBA’s Inspector General says default rates on $9.5B in 7(a) loans handled by nonbank lenders were far worse than traditional lenders, with $1.3B headed to liquidation and two SBLCs driving most of the problem—raising fresh questions about oversight and risk controls. Small-Business Confidence & Costs: A UK SME confidence tracker finds many owners are delaying major investments until the Budget offers relief, with calls to extend business-rate cuts beyond pubs and venues to more sectors. Local Main Street Boost: Corrales, New Mexico, is turning a long-vacant property into a retail hub, launching four women-owned small businesses after a $2M renovation. Hiring Reality Check: Despite widespread claims of skills-based hiring, one report finds few new hires actually reflect changes in practice—highlighting a gap job seekers face when credentials still drive decisions. Credit & Fraud Alerts: Nigeria’s deposit insurer warns households and small businesses to avoid unlicensed fund managers and Ponzi schemes promising “extraordinary returns.” EU Parcel Shock: Swiss Post says EU customs duties on small parcels are already cutting volumes, with sellers and platforms likely to pass costs along. Contracting Opportunities: Prince George’s County, Maryland, negotiates Sphere work with targets for county-based small businesses and minority-owned firms.
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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