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1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion
… for approximately $170.5 billion. SBA has made payment on nearly 85% of the applications, forgiving over … as well. The SBA provides PPP Forgiveness Submission & Payment Metrics, as well as Paycheck Protection Program … -
ROM 10-04 - Review of Controls Over Job Creation and Retention Statistics Reported by SBA under the American Recovery and Reinvestment Act of 2009
… SBA by lenders. Lenders are not required to validate the borrower-reported information. RESULTS IN BRIEF The … same number of jobs created and retained for each of the borrower’s loans. For example, one business was approved for … within 30 days from issuance of this report, using form 1824 for all recommendations in our report. We … -
SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program
… (3) pleaded nolo contendere, or (4) been placed on any form of parole or probation (including probation before … the new Interim Final Rules . Click here to view the new Borrower Application . Click here to view the new Lender … -
SBA’s Actions to Address Forgiven PPP Loans Subsequently Flagged as Potentially Ineligible
… forgiven PPP loans for which it subsequently suspects the borrower is potentially ineligible for the loan or for loan … to a pay and chase environment that relied heavily on post-payment reviews and resolving subsequent hold codes to ensure … guidance stipulates that all loans for which a forgiveness payment has been made and later determined to be potentially … -
TN 15014 - SBA Offers Disaster Assistance to Residents of Tennessee Affected by Wildfires
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Small business size standards
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SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP
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WV 14749 - $47 Million Reasons to Apply for an SBA Disaster Loan Before Sept. 7 Deadline
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MS 14685 - SBA Disaster Loans Still Available In Mississippi
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Natural Resource Sales Assistance program
… may be accepted by the Secretary of the Interior in the form of oil or money. If the Secretary accepts oil in lieu of … -
CDC/504 loan servicing
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5 Ways to Get Credit for Your Business
… Here are five ways to get credit for your business: 1) Get Payment Terms from Suppliers – If you’re an established business you can most likely get payment terms from suppliers. While suppliers may use … asset. Basically, you are providing ""security"" in the form of a cash deposit that your credit line will be repaid … -
Assess your business
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MS 16135 - SBA Encourages Businesses and Residents to Apply for Low-Interest Disaster Loans; SBA’s Mississippi Business Recovery Center Has New Hours of Operation
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SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
… and paying off debt. Implementation of a Deferred Payment Period. The SBA will ensure small business owners … -
Biden-Harris Administration Expands SBA Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
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CDC Certification Guide
… closing and servicing for the must submit a completed SBA Form 1081, signed and dated within 90 days of submission to … version of SOP 50 10. Board Members must also submit SBA Form 1081 and if they answer yes to question numbers 10 a, … generated from 504 loan activity by a CDC remaining after payment of staff and overhead expenses must be retained by … -
Minority-owned businesses
… Specialist to help navigate federal contracting Form joint ventures with established businesses through the … -
ROM 10-03 – Notice of Finding and Recommendation on Recovery Act Loans Involving Change of Ownership Transactions
… for an SBA guaranty because it did not result in the borrower owning 100 percent of the business. SBA also … for an SBA guaranty because it did not result in the borrower owning 100 percent of the business, as required … on the amount of goodwill being financed and the payment of an excessive broker fee from working capital loan …