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Capital Credit Union Presented with SBA Award
… in North Dakota. Capital Credit Union closed 21 SBA loans, totaling $2.12 million in the past year. Capital … the last three years, Capital Credit Union closed 62 SBA loans, providing more than $4.6 million to small businesses … be a good year for small businesses seeking SBA-guaranteed loans. The SBA has continued its waiver of the guaranty fee … -
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
… a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President … easier for businesses to realize full forgiveness of their PPP loan. Click here to view the EZ Forgiveness Application. … -
CDC 504 Liquidation Plan
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Unconditional Guarantee
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Security Agreement
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The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
… controls related to the Paycheck Protection Program (PPP). The Economic Aid Act continued assistance under the PPP for small businesses financially affected by the ongoing … faith-based organizations receive the applicable PPP loans. We are not making any recommendations regarding the … -
Essential Business uses Paycheck Protection Program to Bring Back Employees
… provided guidance on how the Paycheck Protection Program (PPP) would benefit the company and its employees. Tony … financial institutions during the first round of the PPP but was unable to find a bank to process the loan. When the second round of PPP funding was released Tony contacted SBA-approved lender … -
Readout of SBA Administrator Guzman’s Participation in Events with Congressional Black Caucus Foundation
… Biden-Harris Administration . Since 2020, the number of loans, total loan dollars, and overall share of loans going to Black-owned businesses have all more than … -
Deadline Approaching for Rosebud Sioux Tribe Private Nonprofit Organizations
… of any size may apply for SBA Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts … -
Deadline Approaching for Oglala Sioux Tribe Private Nonprofit Organizations
… of any size may apply for SBA Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts … -
The U.S. Small Business Administration can Finance your International Sales
… a 90% loan guarantee to lenders who extend working capital loans for U.S. small business exporters, with loans as large as $5 million. EWCP works by allowing the … accounts receivable and export-bound inventory. EWCP loans are typically 12 months, whereupon it can be replaced … -
MONDAY: SBA Administrator Guzman to Visit Las Vegas to meet with Local Leaders and Small Businesses
… Thai Food, a local family business that benefitted from a PPP loan that helped sustain their operations during the … With the help of the SBA, Andrea was able to utilize two PPP loans, an EIDL loan, and skills learned through SBA’s … -
SBA Disaster Assistance Available to Missouri Private Nonprofit Organizations
… SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to certain private nonprofit … for assistance. These low-interest federal disaster loans are available in Adair, Barry, Barton, Bates, Benton, … of any size, SBA offers Economic Injury Disaster Loans to help with meeting working capital needs caused by … -
SBA Expands Hours at Hillsborough County Business Recovery Center to Assist Floridians Recovering from Hurricane Ian
… eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private … eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Alachua, Bradford, Brevard, Broward, Clay, … -
SBA Expands Disaster Relief for Hawaii
… Calif. – Low-interest federal Economic Injury Disaster Loans (EIDL) are now available to small businesses and most … the SBA to swiftly expand access to disaster loans beyond Maui and Kalawao counties so that businesses … communities build back stronger.” Eligibility for EIDL loans is based on the financial impact of the disaster only … -
Audit of SBA’s Desktop Loss Verification Process
… result, SBA disbursed 36,869 of the 73,313, or 50 percent, loans included in our scope, totaling $594,286,878 of $1.4 … of damages, and there was no assurance that disaster loans were only provided to individuals impacted by … -
Homeless Mom Builds a Business and a New Life with SBA Programs
… was financially strong enough to buy the building. Three loans in three years fueled the rapid growth of Mammy’s … Advance grant, as well as a Paycheck Protection Program (PPP) loan. The cash influx helped save the business and … Drew Ballard, “He did everything. I applied for the PPP, and the process went quickly and smoothly.” … -
SBA Offers Disaster Assistance to Small Businesses in Florence County, Wisconsin, for Economic Losses Due to Severe Drought
… 2023, may apply for low-interest Economic Injury Disaster Loans (EIDLs) from the U.S. Small Business Administration, … Guzman announced today. Administrator Guzman made the loans available in response to a letter from Wisconsin … the declared area can now apply for low-interest disaster loans from the SBA. The declaration covers Florence County … -
SBA Relief Still Available to Tennessee Private Nonprofits Affected by May Storms
… 17 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms, … are eligible to apply for Economic Injury Disaster Loans (EIDL) . EIDLs are available for working capital needs … even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts …