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Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program
… Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. This will ensure … from this critical relief. “We encourage all approved lenders to process loan applications previously submitted by … -
Audit of the SBA's Community Advantage Pilot Program
… found that SBA’s CA pilot program increased the number of lenders participating in SBA’s 7(a) loan program by approving 137 CA lenders. However, opportunities exist for SBA to enhance the … were also likely eligible for 7(a) loans. Additionally, CA lenders only provided M&TA on 34 percent of CA loans, and did … -
SBA’s 2024 New Hampshire Financial Services Champion Patricia Grauwiler of Enterprise Bank
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Hearing on “Oversight of the U.S. Small Business Administration”
… Access Financial System contained a notice advising lenders and the public of the status of our lending programs. … our program office issued an Information Notice to notify lenders of items such as servicing actions, report filings, … -
SBA Data Show Major Increase in Loans to Latino-Owned Businesses under Biden-Harris Administration
… opportunities to folks who are typically shut out by big lenders.” SBA has taken significant steps aligned with the … underserved communities through mission-driven, community lenders, and making mission-oriented lending a permanent part … primary business loan program. It provides guaranties to lenders that support financing to small businesses for … -
SBA Administrator Guzman Celebrates National Veterans Small Business Week
… business loan application and hear tips directly from lenders. Register for the webinar . A second webinar, … -
Returning Citizens Empowered to Start and Grow Businesses Under Proposed Rule
… strengthen the existing ones set and implemented by lenders allowing for expansion of capital with speed and … against the federal government. Continue to allow SBA lenders to follow their own policies on criminal background … -
About COVID-19 EIDL
… EIDL ID theft Beware of scams and fraud schemes For lenders: SBA Information Notice on Guidance Regarding … -
Readout of SBA Administrator Guzman’s Convening of Small Business Lending Summit
… largest lending partners, provided an opportunity for lenders to engage with the Biden-Harris Administration on … in the coming months to continue hearing directly from lenders and other stakeholders about how to best meet the … small business lending. Last year, the SBA partnered with lenders to provide a historic $34 billion in small business … -
SBA Strengthens Lending Network with New Public-Private Partnerships
… time in over 40 years, the Biden-Harris SBA welcomes new lenders with a shared mission of filling capital gaps in … The SBA approves SBLC licenses for selected non-depository lenders to increase responsible small business lending. An … -
SBA Funding Helped this Seattle Business Transfer Ownership and Continue to Grow
… by a bankruptcy declared during her divorce and the lenders she initially spoke with were not ready to take a … -
How to Fund Your Business Startup: 5 Fast and Popular Options
… won’t have a great deal of revenue, the key factor that lenders will look at is your personal credit worthiness . As … know, personal credit reports and credit scores are tools lenders and banks use to rate an individual’s credit … capital. The SBA works with designated intermediary lenders across the country to provide microloans to small … -
Independent Retailer Month Is a Great Time to Start a Business
… The SBA guarantees loans by working with participating lenders, reducing their risk and increasing the likelihood … owners with more than 800 participating SBA-approved lenders throughout all 50 states and territories. Once you’re … -
Biden-Harris Administration Launches Working Capital Pilot Program
… WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater … to increase flexibility for small businesses and lenders, providing more options when structuring a line of … on the program will be posted at www.sba.gov . For lenders interested in the WCP, one-on-one counseling will be … -
Biden-Harris Administration Announces Record $3 Billion in Lending to Latino-Owned Small Businesses
… underserved communities through mission-driven, community lenders, and making mission-oriented lending a permanent part … primary business loan program. It provides guarantees to lenders that support financing to small businesses for … purchases by small businesses. The SBA guarantee enables lenders to offer credit to small businesses that otherwise … -
CDC Certification Guide
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Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes
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THURSDAY: Biden Cabinet Member to Visit Durham to Kick Off Black History Month
… will present certificates of recognition to three local lenders in honor of their work to expand access to capital … -
SBA Data Show Major Increase in Loans to Black-Owned Businesses under Biden-Harris
… underserved communities through mission-driven, community lenders, and making mission-oriented lending a permanent part … primary business loan program. It provides guaranties to lenders that support financing to small businesses for a … purchases by small businesses. The SBA guarantee enables lenders to offer credit to businesses that otherwise would …