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SBA Regional Administrator Rob Scott’s Statement on the Paycheck Protection Program’s Second Round of Funding
… of that effort, from 4 to 11:59 p.m. EDT today, SBA’s PPP loan processing system is only open to lending institutions … loans approved for $63 billion. The average overall PPP loan size is currently at less than $95,000. “Small … -
504 Eligibility Checklist (non-PCLP)
… its lender, portfolio and program oversight as part of the application package for Section 504 Loan and sends to: Sacramento Loan Processing Center, Small Business Administration, 6501 … -
SBA Emergency EIDL Grants to Sole Proprietors and Independent Contractors
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2023 Kentucky Small Business Week Winners
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TOMORROW: Biden Cabinet Member to Kick Off Women’s History Month in Denver as Part of Investing in America Tour
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Hurricane Idalia – Initial Disaster Assistance and Recovery Response
… initial response to Hurricane Idalia, including staffing, loan application volume, and timeliness of disaster loan approvals. We found SBA’s initial response to … -
FRIDAY: SBA Deputy Administrator Visits with Business Owners Affected by the Francis Scott Key Bridge Collapse and Tours Business Recovery Center
… to assist business owners in completing their disaster loan applications, accept documents, and provide status on loan applications. Friday, April 19 Tour of Business … -
SBA Adjusts Size Standards to Expand Lending & Contracting Opportunities
… more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was … SBA-guaranteed 7(a) and 504 Certified Development Company loan programs, which were established under the Small … interim alternative size standards for the 7(a) and 504 loan programs will remain in effect until the SBA establishes … -
Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program
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SBA Honors 2020 Phoenix Award Champions for Outstanding Disaster Recovery Efforts
… $2 million, Terry immediately applied for an SBA disaster loan. The SBA declined the application because the business conditions at the time would … make it difficult for the Bourque’s to repay a $2 million loan comfortably. Terry realized he needed a plan to restart … -
READOUT: U.S. Senator Ben Cardin Joins SBA Administrator Isabella Casillas Guzman and Small Business Owners for a Webinar on Economic Aid and Recovery in the Mid-Atlantic Region
… SBA updates on the COVID-19 Economic Injury Disaster Loan (COVID-19 EIDL). COVID-19 EIDL is a borrower-friendly small business loan program to help small business owners, self-employed gig … https://www.sba.gov/federal-contracting . COVID EIDL Loan FAQs: COVID EIDL Loans: Frequently Asked Questions, … -
SBA to Offer Workshops on Applying for Women’s Business Center Grants
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SBA Administrator Isabel Casillas Guzman Celebrates National Hispanic Heritage Month
… resources. In Fiscal Year 2024 so far, the average monthly loan count to Latino-owned businesses is 775, more than double the average monthly loan count in Fiscal Year 2020. The average loan volume is $261 million, double the average loan volume … -
Veteran trades Civil Service for Health Food with SBA Financing and SBDC counseling
… health food. They knew they needed a small business loan and so they reached out to the Small Business … with their business plan, financial statements, and SBA loan application. This trifecta of support allowed the Warnocks … -
SBA Helps Veterans Start, Grow and Expand Small Businesses
… Small Businesses (VOSBs) through its flagship 7(a) and 504 loan programs, including $118 million through the Patriot Express Loan program . Patriot Express loans offer many advantages to … They feature one of SBA’s fastest turnaround times for loan approval and an enhanced guaranty and interest rate on … -
10 Ways to Keep Your Mobile Devices (and the Data on Them) More Secure
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Young Entrepreneur Turns Family Toffee Recipe into a Sweet Success
… property ownership. Brandon credits utilizing SBA’s 7(a) Loan Program, with a loan issued by participating lender Rabobank, with giving … by promising to reimburse those lenders up to 75-85% of a loan's value upon borrower default. The loan helped Brandini … -
African American History Month
… clients were past due on invoices, but an SBA-guaranteed loan in 2007 helped him bridge the gap. Since then, he has … -
SBA Statement on Maryland Women’s Business Center Grant to Help Train Women Entrepreneurs
… receive a certificate from SAM.gov as part of the grant application process. Questions about the WBC funding …