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https://www.sba.gov/success-stories/ppp-instrumental-montpelier-distillery… and initially needed to spend at least 75% of the PPP loan over eight weeks on payroll and no more than 25% on rent, mortgage and utilities to get the loan forgiven. As a result of the PPP Flexibility Act passed … businesses then needed to spend at least 60% of the PPP loan over 24 weeks on payroll and no more than 40% on rent, …
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SBA Adds Newport County to Rhode Island Disaster Declarations
https://www.sba.gov/article/2024/04/08/sba-adds-newport-county-rhode-island-disaster-declarations… will assist business owners in completing their disaster loan applications, accept documents for existing applications, and provide status on loan applications. The Center will operate as indicated below … until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on … -
SBA Opens Business Recovery Center in Leon County, Florida
https://www.sba.gov/article/2024/06/25/sba-opens-business-recovery-center-leon-county-florida… until 12 months from the date of the initial disbursement. Loan amounts and terms are set by the SBA and are based on … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to … not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their … -
SBA to Open Business Recovery Centers in Kenner and Reserve to Help Businesses Impacted by Hurricane Francine
https://www.sba.gov/article/2024/10/08/sba-open-business-recovery-centers-kenner-reserve-help-businesses-impacted-hurricane-francine… needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any property damage. “SBA’s disaster loan program offers an important advantage–the chance to … of the opportunity to request additional SBA disaster loan funds for these proactive improvements.” Interest rates … -
SBA Business Recovery Center in Vermont Closes to Honor Veterans Day
https://www.sba.gov/article/2024/11/08/sba-business-recovery-center-vermont-closes-honor-veterans-day… Center will assist applicants complete their disaster loan application, accept documents for existing applications, … 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can … available. Applicants are encouraged to submit their loan applications promptly for review in anticipation of … -
NC 15696 - SBA Business Recovery Centers in North Carolina Remain Open on Columbus Day
https://www.sba.gov/article/2018/oct/10/nc-15696-sba-business-recovery-centers-north-carolina-remain-open-columbus-day… and renters in applying for an SBA low-interest disaster loan and recovering from the aftermath of Hurricane … program questions, assist in applying for an SBA disaster loan and help with the reconsideration process. The Centers … capital. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at … -
LA 14811-22 SBA to Close its Centers in Gonzales and Lafayette
https://www.sba.gov/article/2017/jan/13/la-14811-22-sba-close-its-centers-gonzales-lafayette… announced today that SBA will close its Gonzales Disaster Loan Outreach Center at 5:00 p.m. and Lafayette Business … owner apply to SBA for an economic injury disaster loan and close their approved disaster loans,” Ricks said. … No appointment is necessary. ASCENSION PARISH Disaster Loan Outreach Center Lamar Dixon Expo Center Gym Building – … -
SBA Continues to Support Disaster Survivors in Hawaii
https://www.sba.gov/article/2024/05/10/sba-continues-support-disaster-survivors-hawaii… to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans. … a written explanation when applying for an SBA disaster loan that are past the original deadline. Businesses of all … 2.5% for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and based on each … -
SBA Assistance Available for Addison County Vermont Non-Profits Impacted by Storms and Flooding
https://www.sba.gov/article/2023/10/13/sba-assistance-available-addison-county-vermont-non-profits-impacted-storms-flooding… 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. Applicants may apply online using the … -
SBA Offers Disaster Assistance to Washington Small Businesses Economically Impacted by the Sourdough Wildfire
https://www.sba.gov/article/2023/11/02/sba-offers-disaster-assistance-washington-small-businesses-economically-impacted-sourdough-wildfire -
SBA Opens More Business Recovery Centers and Adds More Counties to North Carolina Disaster Declaration
https://www.sba.gov/article/2024/10/18/sba-opens-more-business-recovery-centers-adds-more-counties-north-carolina-disaster-declaration… questions, assist business owners complete their disaster loan application, accept documents, and provide updates on an … 9 a.m. to 3 p.m. Closed: Sunday Disaster Loan Outreach Center (DLOC) Mecklenburg County U. S. Small … 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can … -
SBA Announces Yabucoa Business Recovery Center Open Weekdays
https://www.sba.gov/article/2022/dec/09/sba-announces-yabucoa-business-recovery-center-open-weekdays… for those desiring assistance with their SBA disaster loan application for losses associated with Hurricane … Centers (BRCs) to answer questions about the disaster loan program and provide one-on-one assistance to business … needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the … -
IL 16370 - SBA Offers Disaster Assistance to Illinois Small Businesses Economically Impacted by the Coronavirus (COVID-19)
https://www.sba.gov/article/2020/mar/19/il-16370-sba-offers-disaster-assistance-illinois-small-businesses-economically-impacted-coronavirus… to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process. “Small … The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020 . For more information about … -
SBA Offers Disaster Assistance to Washington Small Businesses Economically Impacted by the White Center Fire
https://www.sba.gov/article/2021/oct/27/sba-offers-disaster-assistance-washington-small-businesses-economically-impacted-white-center-fire… Recovery Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application. Virtual Business Recovery Center Monday – … -
SBA Reminds Colorado Small Businesses Economically Impacted by the Colorado Highway 133 Sinkhole and Road Closure Disaster Assistance is Still Available
https://www.sba.gov/article/2024/01/11/sba-reminds-colorado-small-businesses-economically-impacted-colorado-highway-133-sinkhole-road… accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first … -
SBA Offers Disaster Assistance to Alaska Small Businesses Economically Impacted by the 2022/2023 Bering Sea Snow Crab and Bristol Bay Red King Crab Fisheries Closures
https://www.sba.gov/article/2023/feb/13/sba-offers-disaster-assistance-alaska-small-businesses-economically-impacted-20222023-bering-sea… to decrease the overall cost of recovery by reducing the amount of accrued interest they must repay. Details are … -
SBA Physical Deadline Approaching in Tennessee for Private NonProfits Affected by March Severe Storms, Straight-line Winds and Tornadoes
https://www.sba.gov/article/2023/06/16/sba-physical-deadline-approaching-tennessee-private-nonprofits-affected-march-severe-storms-straight… in Tennessee of the July 17 deadline to submit disaster loan applications for physical damages that occurred from … terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, … -
SBA’s Lender Match Upgrade Connects Small Businesses and Lenders
https://www.sba.gov/blog/sbas-lender-match-upgrade-connects-small-businesses-lenders… businesses and create new jobs. But finding a business loan can be time consuming and even frustrating. The SBA is … provides better guidance on how to get prepared for the loan application process. It has been streamlined from start … you filter for things like the type of business or the amount of the desired loan. It’s also been improved for use … -
Inspection of SBA’s Initial Disaster Assistance Response to Hurricane Florence
https://www.sba.gov/document/report-19-11-inspection-sbas-initial-disaster-assistance-response-hurricane-florence… opening Business Recovery Centers, and processing loan applications timely. In order to establish a presence … 2018 and found that SBA also exceeded their goals. The average processing time was approximately 7 days when … computer-generated declines were included, the overall average processing time was approximately 5 days. Office of … -
SBA Offers Disaster Assistance to Alaska Small Businesses Economically Impacted by the Lowell Point Landslide and Lowell Point Road Closure
https://www.sba.gov/article/2022/jul/13/sba-offers-disaster-assistance-alaska-small-businesses-economically-impacted-lowell-point-landslide… Recovery Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application. Virtual Business Recovery Center Mondays - …