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SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program
https://www.sba.gov/article/2020/may/28/sba-treasury-department-announce-10-billion-cdfis-participate-paycheck-protection-program… – a key priority for President Trump. “The forgivable loan program, PPP, is dedicated to providing emergency … -
SBA Launches Supplemental Targeted Advance for Small Businesses Hardest Hit by COVID-19
https://www.sba.gov/article/2021/apr/23/sba-launches-supplemental-targeted-advance-small-businesses-hardest-hit-covid-19… launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted … April 6 action to significantly increase the maximum loan amounts for COVID-19 EIDL assistance from 6 months of … to TargetedAdvance@sba.gov , COVID-19 EIDL disaster loan payment questions to DisasterCustomerService@sba.gov , … -
SBA Opens Business Recovery Center in North Providence, RI; Center will Close for MLK DAY
https://www.sba.gov/article/2024/01/10/sba-opens-business-recovery-center-north-providence-ri-center-will-close-mlk-day… at SBA will assist business owners complete their disaster loan application, accept documents for existing applications, … until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on … -
Local bakery utilizes Paycheck Protection Program to ease payroll burden during COVID-19 pandemic
https://www.sba.gov/offices/district/wv/clarksburg/success-stories/local-bakery-utilizes-paycheck-protection-program-ease-payroll-burden-during-covid-19-pandemic… West Virginia, started 36 years ago with an SBA guaranteed loan. Ten years later, when the business was forced to … under in collecting accounts receivables and being able to pay my employees that are like family.” Harris found the … notified I was approved, and on April 21 I closed on the loan,” said Harris. “I feel like we have come full circle … -
SBA RESOURCE DAYS TARGET YOUR NEIGHBORHOODS
https://www.sba.gov/article/2017/may/08/sba-resource-days-target-your-neighborhoods… renovate business real estate or major equipment – SBA 504 Loan Program; and, Government contracting certifications and … -
Know the import and export laws and regulations
https://www.sba.gov/business-guide/grow-your-business/export-products/international-sales/know-import-export-laws-regulations… location will influence which taxes your business has to pay to the U.S. federal, state, and local levels. When … -
Readout of SBA Administrator Guzman’s Visit to Chicago
https://www.sba.gov/article/2023/06/21/readout-sba-administrator-guzmans-visit-chicago… SBA delivered nearly 900 loans through its flagship 504 loan program to Hispanic-owned small businesses to a total of … -
SBA Adds More Counties to Disaster Declaration for Florida Private Non-Profit Organizations Affected by Hurricane Debby
https://www.sba.gov/article/2024/09/16/sba-adds-more-counties-disaster-declaration-florida-private-non-profit-organizations-affected… terms up to 30 years. Applicants may be eligible for a loan amount increase of up to 20 percent of their physical … or whether the PNP should be referred to SBA for disaster loan assistance. For information and to apply online visit … -
Native American Heritage Month: Resources to Help Native-Owned Businesses Start and Grow
https://www.sba.gov/blog/2024/2024-11/native-american-heritage-month-resources-help-native-owned-businesses-start-grow -
SBA to Close Two Vermont Business Recovery Centers
https://www.sba.gov/article/2023/09/08/sba-close-two-vermont-business-recovery-centers… storms and floods that occurred on July 7-17 can meet with loan specialists at the remaining BRC in Ludlow to have their questions answered and apply for an SBA disaster loan for physical damage and economic injury. Applicants may … to access telecommunications relay services. Disaster loan information and application forms can be obtained by … -
Testimony of Debra S. Ritt, Assistant Inspector General for Auditing, U.S. Small Business Administration, Before the Committee on Small Business and Entrepreneurship United States Senate September 20, 2007
https://www.sba.gov/article/2007/sep/20/testimony-debra-s-ritt-assistant-inspector-general-auditing-us-small-business-administration… awarded all funds but the $30 in question. Automating the pay request forms and application process, as has been done … an Effective Tracking System for Monitoring the Status of Pay Requests SBA also did not have an effective tracking mechanism to identify when a pay request was received, where it was in the process, or … -
President Biden Proclaims September 12-18 As National Small Business Week
https://www.sba.gov/article/2021/sep/10/president-biden-proclaims-september-12-18-national-small-business-week… for an improved COVID-19 Economic Injury Disaster Loan program, which will put more than $150 billion in … small businesses can use to retain workers, make rent, and pay down more expensive debt. In the American Rescue Plan, … -
How Much Does an Employee Cost You?
https://www.sba.gov/blog/how-much-does-employee-cost-you… cents over and above the basic wage or salary you agree to pay. There’s a rule of thumb that the cost is typically 1.25 … the salary, depending on certain variables. So, if you pay someone a salary of $35,000, your actual costs likely … have a professional firm, you may want or be required to pay for professional liability coverage. Similarly, you may … -
LA 14811-04 SBA to Open Additional Business Recovery Center in Denham Springs to Help Businesses Impacted by Severe Storms and Flooding
https://www.sba.gov/article/2016/aug/24/la-14811-04-sba-open-additional-business-recovery-center-denham-springs-help-businesses-impacted… with each business owner to explain how an SBA disaster loan can help finance their recovery. They will answer questions about SBA’s disaster loan program, explain the application process and help each … at any Disaster Recovery Center in Louisiana. Disaster loan information and application forms are also available … -
LA 14811-03 SBA to Open Five Additional Business Recovery Centers to Help Businesses Impacted by Severe Storms and Flooding
https://www.sba.gov/article/2016/aug/19/la-14811-03-sba-open-five-additional-business-recovery-centers-help-businesses-impacted-severe… with each business owner to explain how an SBA disaster loan can help finance their recovery. “They will answer questions about SBA’s disaster loan program, explain the application process and help each … at any Disaster Recovery Center in Louisiana. Disaster loan information and application forms are also available … -
Physical Damage Deadline Approaching for Hurricane Irma Survivors
https://www.sba.gov/article/2017/nov/17/physical-damage-deadline-approaching-hurricane-irma-survivors… and Ware. Additional information on the disaster loan program may be obtained by calling SBA’s Customer … . Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela . Loan applications can be downloaded from www.sba.gov . … -
READOUT: The U.S. Small Business Administration Hosts Webinar for Small Business Owners on Economic Aid and Recovery for Atlantic and Southeast Regions
https://www.sba.gov/article/2021/jul/26/readout-us-small-business-administration-hosts-webinar-small-business-owners-economic-aid-recovery… Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, has gone a long way towards helping … Access, about updates to the Economic Injury Disaster Loan (EIDL) small business program to help small business … like the COVID EIDL - a borrower-friendly small business loan program that can help small businesses build back … -
SBA Helps Veterans Start, Grow and Expand Small Businesses
https://www.sba.gov/article/2016/sep/06/sba-helps-veterans-start-grow-expand-small-businesses… 7(a) and 504 programs. Since 2007, SBA’s Patriot Express loan pilot initiative alone has guaranteed loans of more than … and features one of SBA’s fastest turnaround times for loan approvals. Government Contracting SBA worked with both … -
Start or Grow Your Small Business This Independent Retailer Month
https://www.sba.gov/blog/start-or-grow-your-small-business-independent-retailer-month… their risk and increasing the likelihood that your loan will be approved. Lender Match: A free online referral … and territories. Start there to secure your SBA-guaranteed loan. Continued support: The SBA doesn’t limit its services …