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Audit Report ROM 10-09: Lack of Approval for a Recovery Act Surety Bid Bond Guarantee
… noted an issue related to internal controls regarding the Preferred Surety Bond (PSB) bid bonds. Specifically, one … for this review. The surety bid bond was approved by a preferred surety company on July 7, 2009, through the Surety … The IPA recommended that the SBA 1 ) Continue to monitor preferred sureties to ensure it maintains all required … -
SBA Data Show Major Increase in Loans to Latino-Owned Businesses under Biden-Harris Administration
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SBA Administrator Guzman Celebrates National Veterans Small Business Week
… will host two national webinars for NVSBW. The Are You Lender Ready? For the Military Community webinar will be … -
Returning Citizens Empowered to Start and Grow Businesses Under Proposed Rule
… check was left to self-reporting from the borrower and a lender review. SBA’s fraud check uses best-in-class … verify information provided by the borrower and lender. When a mismatch is identified, it must be cleared … and make their own lending decision, which will vary by lender as it currently does. The SBA programs at issue are … -
About COVID-19 EIDL
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Readout of SBA Administrator Guzman’s Convening of Small Business Lending Summit
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SBA Strengthens Lending Network with New Public-Private Partnerships
… small business loans to reduce the level of risk to the lender and cost to the borrower. As a result, SBLCs are … -
HobbyTown Success Story
… Regions Bank and BrightBridge Capital. Regions Bank is a preferred SBA lender. Financial partnerships have been critical to … -
SBA Funding Helped this Seattle Business Transfer Ownership and Continue to Grow
… a chance on her. That’s when she began working with an SBA lender. “When I started working with my local SBA lender, she really believed in me, and she worked to make it … -
How to Fund Your Business Startup: 5 Fast and Popular Options
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Independent Retailer Month Is a Great Time to Start a Business
… the likelihood that your loan will be approved. Through Lender Match , the SBA connects emerging small business … -
Biden-Harris Administration Launches Working Capital Pilot Program
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Biden-Harris Administration Announces Record $3 Billion in Lending to Latino-Owned Small Businesses
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14 Arrested on Complaints Alleging More Than $25 Million in COVID-19 Relief and Small Business Loans Were Fraudulently Obtained
… banks and the Small Business Administration’s (SBA) Preferred Lender Program, a program designed to help small businesses … $3 million federally guaranteed loan through the SBA’s Preferred Lending Program. Felix Parker, 77, of North … -
Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes
… In support of the loan application, he submitted to the lender several fraudulent IRS documents, which falsely … In addition, Shah signed and caused to be submitted to the lender what purported to be IRS Forms 941 representing his … 2019. A comparison between the documents submitted to the lender and the company’s IRS and state tax filings revealed … -
SBA privacy program
… taken, if any, by you or SBA to resolve this complaint A preferred method of contact about your complaint — a mailing … -
Vulnerability disclosure policy
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THURSDAY: Biden Cabinet Member to Visit Durham to Kick Off Black History Month
… details sent upon RSVP to theodora.lake@sba.gov . Lender Certificate Presentation at Historic Black Wall Street … -
SBA Data Show Major Increase in Loans to Black-Owned Businesses under Biden-Harris