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BizCloud® Network | November 28, 2015

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Getting Venture Capital for Your Project or Company Is Possible, If You Know the Right People

September 28, 2012 |

WYSE Capital Group Continues to Bring Angel Investors and Entrepreneurs TogetherRead More

Tenable Network Security Secures $50 Million Series A From Accel Partners

September 8, 2012 |

Investment to accelerate technology innovation and global expansionRead More

CouchSurfing Raises $15 Million in Series B, Led by General Catalyst Partners

August 22, 2012 |

Global Social Travel Network Expands to Nearly 5 Million Users in More Than 93,000 CitiesRead More

Small Business Lender Files for Bankruptcy

March 20, 2010 | 6

CIT group, a nation’s leading lender to small businesses, has filed for Chapter 11 bankruptcy protection. The bankruptcy was expected, since the company was struggling for months to avoid it, and came very close to declaring Chapter 11 bankruptcy in July 2009 after the Treasury rejected the CIT’s request for additional bailout money, but was rescued making the agreement with the bondholders group. The lender filed for bankruptcy on Sunday, after the debt-exchange offer made to CIT’s bondholders failed. Company’s bondholders opted for a prepackaged reorganization plan which will reduce its debt by $10 billion and allow it to continue doing business. Read More

SBA Proposed Changes to the 8(a) Business Development Program

November 5, 2009 | 1

The Small Business Administration has announced proposals for the improvement of the 8(a) Business Development Program for disadvantaged small businesses.

The first comprehensive review of the 8(a) program in several years resulted with the proposed 8(a) regulation changes that were published in the Federal Register. The public comment period on the proposed changes is open for 60 days. Read More

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