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One Year Later: Biden-Harris Administration, SBA Have Prioritized an Equitable Recovery, Centered on Strengthening Main Street and Supply Chains
… of forgiveness as nearly 1.7 million small businesses with PPP loans of less than $150,000 have received relief through … and Supplemental Advance programs, while 22 percent of PPP loans went to those in rural areas. Elevating Critical … the Smallest of the Small: In 2021, 96 percent of PPP loans went to firms of 20 employees or less, while more … -
Cisco's Salsa Company
… and rehire employees. The Paycheck Protection Program (PPP) 1st draw loan was funded in April 2020 which helped … able to survive and make this happen was because of the PPP funding’. Indoor dining came back at a slow pace to keep … the Economic Injury Disaster Loan (EIDL) in June 2020 and PPP 2nd draw loan in Jan 2021 which further helped to cover … -
VT Fitness Studio Bouncing Back After Pandemic
… staff on payroll due to the Paycheck Protection Program. PPP provided small businesses forgivable loans through the … to stop the spreading of the disease. “When we got the PPP money we were pumped. When you own a small business, it … bills to pay. Luckily, we were able to use some of the PPP to pay our rent. We were extremely relieved to get it and … -
READOUT: Administrator Guzman Visits Rhode Island and Massachusetts to Highlight Buying American-Made and Historic Growth in New Small Businesses
… The business received Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) loans … Taylor Box to halt operations, Shedd was able to secure a PPP loan. The funding allowed Taylor Box to help pay its … During the pandemic, Hope & Main received money from PPP and COVID EIDL to fund payroll and assist with their … -
SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
… www.sba.gov/local-assistance . Application Process and Fraud Control Enhancements In addition to the policy … that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA … loans through the SBA’s Paycheck Protection Program (PPP), Restaurant Revitalization Fund (RRF), or Shuttered … -
TWB Cleaning Contractors shine with SBA’s technical and pandemic assistance programs
… applied and received an SBA Paycheck Protection Program (PPP) loan and an SBA COVID Economic Injury Disaster Loan … thanks to SBA’s emergency capital programs such as the PPP and COVID EIDL, they were able to remain financially … citizens. “We are exceptionally grateful for SBA’s PPP and COVID EIDL funding,” said Trina Worrell-Benjamin, … -
SBA Announces Updated Guidance Regarding Deadline for Targeted EIDL Advance Program Reevaluations
… www.sba.gov/local-assistance . Application Process and Fraud Control Enhancements In addition to the policy … that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA … -
Members of the Military: Let SBA Serve You on Your Entrepreneurship Mission
… relief options to help. The Paycheck Protection Program (PPP), for instance, is an SBA-backed loan that helps small … who have kept their businesses afloat with help from the PPP. The SBA is currently offering PPP loans originated only by participating community … -
Crest Haven Farm Market grows with SBA’s technical assistance and pandemic programs
… on the SBA through the Paycheck Protection Program (PPP) that helped them keep their employees on payroll and … as they applied for SBA’s Paycheck Protection Program (PPP),” said Steve Stumbris, Director, Bucknell University … the SBA!” “We are exceptionally grateful for both SBA PPP funding and for the SBA-guaranteed loan through M&T … -
From United States Army First Lieutenant to Veterinarian; Small Business Owner
… she applied for an SBA-backed Paycheck Protection Program (PPP) loan through M&T Bank. “I applied and successfully received funding,” says Fornes. “The PPP funds I received are helping to keep my doors open and … funding options for those seeking relief. As a reminder, PPP applications are being accepted through August 8. The SBA … -
Omaha-based Company Uses Payroll Protection Program Loan to Provide Meals and Mortgages
… loan program was a huge help to Wade’s business. “What the PPP did was two things: put [my employees] back in a … so I know we’ll be in good shape once this ends.’ [The PPP] kept morale and our company culture in place.” The novel … subscribe to, they work even under intensive pressure. The PPP helped us become an even better version of ourselves.” … … -
CARES Act Section 1102 Lender Agreement
… lenders participating in the Paycheck Protection Program (PPP). File size: 183KB | Download .pdf for / Related programs: PPP Remove download button Off … Lender agreement to make … -
Because of the Paycheck Protection Program The Black Dog Coffee Company looks at their coffee cup as half full
… we were approved, and a check was cut immediately. The PPP, covering our payroll costs, has allowed us to use the … started offering online ordering and payment. “Because of PPP and pivoting our business model we were able to stay open … -
SBA Administrator Message to Lenders re: Underserved Communities
… two years benefit from the paycheck Protection Program (PPP). Effective: June 15, 2020 | File size: 56KB | Download .pdf for / June 15, 2020 Related programs: PPP Remove download button Off … Message from SBA … -
Testimony of Inspector General Hannibal "Mike" Ware before the House Committee on Small Business, Subcommittee on Investigations, Oversight and Regulations
… of Representatives. The hearing was titled "Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector … -
Paycheck Protection Program Report May 01, 2020
… through May 01, 2020. Report Paycheck Protection Program (PPP) lending through May 01, 2020. Effective: May 1, 2020 | … 564KB | Download .pdf for / May 1, 2020 Related programs: PPP Remove download button Off … Paycheck Protection Program … -
SBA’s Administrative Process to Address Potentially Fraudulent Restaurant Revitalization Fund Awards
… Accountability Office’s A Framework for Managing Fraud Risks in Federal Programs. However, 3,790 applications … which includes 110 RRF awards that were suspected of fraud and referred to the OIG Hotline. These awards were … -
Hala Nsouli
… of a comprehensive digital roadmap to prevent and detect fraud within SBA’s programs and operations, which includes … oversight of SBA pandemic assistance programs, to include fraud detection and investigation. Dr. Nsouli has over 18 … -
Paycheck Protection Program Report Round One
… from the first round of the Paycheck Protection Program (PPP). File size: 215KB | Download .pdf for / Related programs: PPP Remove download button Off … Data from the first round of …