Statement of SBA Administrator Maria Contreras-Sweet at U.S. Senate Committee on Small Business & Entrepreneurship Hearing
… and Entrepreneurship Committee hearing on SBA’s 7(a) Loan Guaranty program: “SBA-backed loans support small …
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https://www.sba.gov/article/2016/may/26/statement-sba-administrator-maria-contreras-sweet-us-senate-committee-small-business
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SBA Regional Administrator Rob Scott’s Statement on the Paycheck Protection Program’s Second Round of Funding
https://www.sba.gov/article/2020/may/03/sba-regional-administrator-rob-scotts-statement-paycheck-protection-programs-second-round-funding -
SBA Disaster Assistance Available to Colorado Private Nonprofit Organizations
https://www.sba.gov/article/2022/feb/10/sba-disaster-assistance-available-colorado-private-nonprofit-organizations -
Audit Report 13-09: Management Letter - SBA's FY 2012 Financial Statement Audit
https://www.sba.gov/document/report-13-09-audit-report-13-09-management-letter-sbas-fy-2012-financial-statement-audit… of policies and procedures for the microloan program; (5) loan file documentation not retained in loan files; (6) untimely processing of Microloan transactions … pilot program disbursements; (7) untimely site visits for loan defaults; (8) untimely processing of charge-off loans; … -
Audit Report 15-06: Improvement is Needed in SBA’s Oversight of Lender Service Providers
https://www.sba.gov/document/report-15-06-audit-report-15-06-improvement-needed-sbas-oversight-lender-service-providers… oversight of lender service providers (LSPs) as loan agents. LSPs are deeply involved in all phases of the loan life cycle, including originating, closing, servicing, … potential risks associated with LSP involvement in SBA loan programs. In addition, SBA did not adequately … -
Inspection of Small Business Administration's Initial Disaster Assistance Response to the Coronavirus Pandemic
https://www.sba.gov/document/report-21-02-inspection-small-business-administrations-initial-disaster-assistance-response-coronavirus-pandemic… differed from the original bank accounts listed on the loan applications; $62.7 billion ($58.0 billion disbursed) in … -
SBA Announces Closure of Business Recovery Centers in Florida
https://www.sba.gov/article/2023/11/28/sba-announces-closure-business-recovery-centers-florida… can assist SBA applicants complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Centers will operate as indicated … secure website at sba.gov/disaster . To obtain disaster loan information and application forms call the SBA’s … -
SBA Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses
https://www.sba.gov/article/2020/mar/14/sba-administrator-carranza-applauds-presidents-efforts-reduce-public-health-barriers-protect -
MONDAY: SBA Administrator Guzman to Visit Las Vegas to meet with Local Leaders and Small Businesses
https://www.sba.gov/article/2022/may/20/monday-sba-administrator-guzman-visit-las-vegas-meet-local-leaders-small-businesses… Food, a local family business that benefitted from a PPP loan that helped sustain their operations during the height … the SBA, Andrea was able to utilize two PPP loans, an EIDL loan, and skills learned through SBA’s Emerging Leaders … -
International Food Competitors Grow Exports with SBA STEP Support
https://www.sba.gov/success-story/international-food-competitors-grow-exports-sba-step-support… that's been very successful.” After getting a COVID EIDL loan and the Paycheck Protection Program loan during the pandemic, they’re now receiving an SBA 504 loan. Impact Due to their participation in WEDC and SBA … -
SBA Business Recovery Center in Vermont Closes for Holiday
https://www.sba.gov/article/2024/10/11/sba-business-recovery-center-vermont-closes-holiday… Center will assist applicants complete their disaster loan application, accept documents for existing applications, … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended … not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make … -
WV 14749 - SBA to Close Business Recovery Centers in West Virginia
https://www.sba.gov/article/2016/aug/19/wv-14749-sba-close-business-recovery-centers-west-virginia… to visit a Center may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … . Businesses and individuals may also obtain disaster loan information and application forms by calling the SBA’s … by sending an email to disastercustomerservice@sba.gov . Loan applications can be downloaded from www.sba.gov … -
Serious Concerns of Potential Fraud in EIDL Program Pertaining to the Response to COVID-19
https://www.sba.gov/document/report-20-16-serious-concerns-potential-fraud-eidl-program-pertaining-response-covid-19… widespread potential fraud in the Economic Injury Disaster Loan and Advance grant programs that require immediate … from financial institutions receiving economic injury loan deposits. Nearly 3,800 of those reported instances of … from the inception of the Economic Injury Disaster Loan and Advance Program in March until May 19, OIG received … -
Statement by SBA Administrator Maria Contreras-Sweet on Small Business Committee Hearing
https://www.sba.gov/article/2016/jan/07/statement-sba-administrator-maria-contreras-sweet-small-business-committee-hearing… in gross approvals, a 22 percent increase in the number of loan approvals, and a 23 percent increase in the dollar value … to project both the SBIC and 7(a) programs along with the 504 program to operate at a zero taxpayer subsidy. “While we … -
OH 16000 - SBA Business Recovery Centers Close on July 4th, in Observance of Holiday
https://www.sba.gov/article/2019/jul/05/oh-16000-sba-business-recovery-centers-close-july-4th-observance-holiday… Sundays Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA … Sundays Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … -
Evaluation of the CARES Act Debt Relief to 7(a) Borrowers
https://www.sba.gov/document/report-21-03-evaluation-cares-act-debt-relief-7a-borrowers… relief for borrowers in the 7(a) program, SBA’s flagship loan guarantee program. The Coronavirus Aid, Relief and … $17 billion in debt relief to borrowers in the 7(a), 504, and Microloan programs. Our objective was to determine … quickly, SBA relied heavily on lenders self-certifying the loan status and payment amount with limited verification … -
TX 15274-02 SBA to Hire Hundreds of Local Disaster Workers to Help Hurricane Harvey Survivors
https://www.sba.gov/article/2017/sep/20/tx-15274-02-sba-hire-hundreds-local-disaster-workers-help-hurricane-harvey-survivors… caused by Hurricane Harvey. SBA immediately needs loan officers with backgrounds in finance, credit, banking, … employees to get the job done,” Garfield continued. Loan officers and attorneys interested in joining SBA’s team … -
SBA Deadline is Sept. 5 for Maine Private NonProfit Organizations Affected by Physical Damage from Spring Severe Storms and Flooding
https://www.sba.gov/article/2023/08/15/sba-deadline-sept-5-maine-private-nonprofit-organizations-affected-physical-damage-spring-severe… (PNP) in Maine of the Sept. 5 deadline to submit disaster loan applications for physical damages that occurred from the … 30 years. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … and should apply under SBA declaration # 17992 . Disaster loan information and application forms may also be obtained … -
SBA Announces Thanksgiving Day Holiday Closure of Business Recovery Centers
https://www.sba.gov/article/2023/11/17/sba-announces-thanksgiving-day-holiday-closure-business-recovery-centers… will assist business owners complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Centers will operate as indicated … and should apply under SBA declaration # 18118. Disaster loan information and application forms can also be obtained … -
Audit of SBA’s Suspension and Debarment Process
https://www.sba.gov/document/report-19-18-audit-sbas-suspension-debarment-process… verify the eligibility of entities to participate in SBA’s loan programs prior to approving SBA-guaranteed loans valued … entities from participating in SBA’s contracting and loan programs. SBA management agreed with two of the six …