As we recently reported, the US Small Business Administration (SBA) has introduced a modernised process allowing small businesses to use xBRL-CSV to submit Work-in-Process (WIP) information used in the SBA Surety Bond Guarantee (SBG) Program, replacing time-consuming manual data entry.
We were delighted by a recent announcement by Administrator Isabella Casillas Guzman, leader of the US Small Business Administration (SBA).
The International Federation of Accountants (IFAC) has recently published a report highlighting the benefits of measuring, using and reporting sustainability information for small businesses and their advisers.
The SEC has proposed reforms to the rules governing Business Development Companies (BDC) and Registered Closed-End Funds that would require these funds to report information in structured data.
The amendment is in support of the SEC’s implementation of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. BDC’s primarily invest in small and developing companies, so ensuring these funds have an efficient approach to raising capital and good investment communication should help support small business.