For the 30th year, The Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business is recognizing the 100 fastest-growing small private companies in North Texas.
The Federal Reserve Board on Friday adjusted the terms of the Main Street Lending Program in two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic. In particular, the minimum loan size for three Main Street facilities available to for-profit and non-profit borrowers has been reduced from $250,000 to $100,000 and the fees have been adjusted to encourage the provision of these smaller loans. The Board and Department of the Treasury also issued a new frequently asked question clarifying that Paycheck Protection Program loans of up to $2 million may be excluded for purposes of determining the maximum loan size under the Main Street Lending Program, if certain requirements are met, which should also help smaller businesses access Main Street loans.
Mamdouh Khayat and Mouyyad Abdulhadi, the owners of Pax & Beneficia coffee shop in Irving, believe our differences are hurting us, not helping us. When it comes to politics, religion, race or gender equality, Khayat says “we are quick to demonize and dehumanize the other side.” They want to offer a small solution.
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs.