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Forms and guides
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Evaluation of the CARES Act Debt Relief to 7(a) Borrowers
… all reported eligible 7(a) borrowers had received subsidy payments. This debt relief helped alleviate some of the … controls to ensure only eligible borrowers receive subsidy payments. We identified issues with lender reported … information that increased the risk of either making payments to ineligible borrowers or making excessive … -
Liquidation Process
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Resources for SBA employees affected by a Reduction in Force
… account balance in a single payment or series of equal payments, you will be subject to a 10% penalty as well as … Revenue Service (IRS) requires employees to receive payments from their account by April 1st of the year … -
Debit Authorization (SBICs)
… (SBICs) Authorizes Bank of New York to collect payments due on debentures by ACH debit from designated … button Off … Authorizes Bank of New York to collect payments due on debentures by ACH debit from designated … -
COVID-19 Economic Injury Disaster Loan
… how to monitor the status of your COVID-19 EIDL, make payments, and request servicing actions. Manage your COVID-19 EIDL and make payments EIDL data SBA maintains access to data for all its … -
Independent Auditors’ Report on SBA’s Compliance with IPERA
… to perform a performance audit as required by the Improper Payments Elimination and Recovery Act of 2010 (IPERA). The … whether the agency is in compliance with the Improper Payments Information Act of 2002 (IPIA) as amended. KPMG also … and performance in reducing and recapturing improper payments. KPMG conducted the engagement in accordance with … -
Self-Employment Tax Wrinkles
… but there are some ins and outs that may impact your payments. $400 threshold While FICA taxes apply to the first … earnings. There’s no exemption for this amount. Optional payments Self-employed individuals who have modest earnings … But there continues to be confusion about certain types of payments. Here are some recent matters concerning this issue: … -
Pandemic Response Oversight
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Physical damage loans
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SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022
… received an automatic deferment of principal and interest payments through December 31, 2020. This initial deferment … An additional 12-month deferment of principal and interest payments will be automatically granted to these borrowers. … 2022, unless the borrower voluntarily continues to make payments while on deferment. It is important to note that the … -
Loans
… start and run your business. Unique benefits: Lower down payments, flexible overhead requirements, and no collateral … -
Protect yourself from scams and fraud
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Biden-Harris Administration Finalizes Rule to Lower Costs for Small Businesses
… 504 Loan Program , empowering them to reduce their debt payments and/or access more affordable capital for expansion … drop by 0.5%, starting this month. Those reduced monthly payments will translate into approximately $360,000,000 in … streamlining access to debt refinancing so they can reduce payments and access more affordable capital. Small businesses … -
Top Business Trends for 2021
… payment options. In their annual State of Retail Payments study, the National Retail Federation found that no-touch payments (e.g. contactless credit and debit cards or mobile … January. Among retailers that have implemented contactless payments, 94% expect the increase to continue over the next … -
Break-even point
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7(a) / Express servicing
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What Makes Up a Small Business Credit Report?
… business owners should be to establish records of timely payments with all of their financial obligations in order to … -
Counseling and help