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2023 Arkansas Veteran-Owned Small Business of the Year
… in the form of a forgivable Paycheck Protection Program loan but more recently received funding through the SBA’s 504 program. These loan funds went towards purchasing and renovating a new building located in Little Rock. During the SBA 504 loan process, the business had 17 full-time employees and 4 … -
Jihoon Kim
… SBA’s national lending operations, including 504 and 7(a) loan processing centers in Sacramento, California and Hazard, Kentucky; 504 and 7(a) loan servicing and resolution in Fresno, Little Rock, and Herndon, Virginia; and SBA disaster loan servicing and resolution in Birmingham, El Paso, and … -
Here’s how to access SBA’s hurricane recovery resources
… SBA’s Hurricane Recovery page to apply for a disaster loan online, get updates on the status of your loan application, and for information on the location of … locations nationwide. There are job openings for lawyers, loan specialists, customer service representatives, … -
SBA Celebrating “Encore Entrepreneurs”
… On Friday, August 5th at 9:00 am , an experienced Loan Officer will lead SBA’s free “Loans to Start, Run, and … local banker will explain how to prepare a successful SBA loan application, and the workshop will conclude with a … -
PR 16253 - SBA Representatives Available at FEMA Disaster Recovery Centers
… with approved loans to set appointments to close their loan. The disaster declaration covers Adjuntas, Aguada, … -
SBA Proposes Rule to Eliminate Regulations that Exclude Faith-Based Organizations from Seven SBA Programs
… certain faith-based organizations from seven business loan and disaster assistance programs. These programs … include the Intermediary Lending Program (ILP), Business Loan programs (7(a), Microloan and 504 programs), Economic Injury Disaster Loan (EIDL) program, Military Reservist Economic Injury … -
SBA Amends Disaster Declaration for California
… County. Although the deadline to apply for a disaster loan for physical damages was Nov. 12, 2021, private … -
Report 15-14: SBA's Controls to Prevent Duplication of Benefits with Community Development Block Grants
… CDBG Program is to provide timely, accurate, and complete loan information to HUD grantees that administer the grants … a few instances where SBA did not timely annotate in the loan file that a grant had been awarded. However, no … duplicated since the disaster survivor had not requested a loan, loan reinstatement, reconsideration or reacceptance, or … -
Report 9-08 – Audit of the Liquidation Process at the National Guaranty Purchase Center
… loans that are made by participating lenders. Upon loan default, SBA authorizes participating lenders to … become necessary, to completely liquidate or sue upon the loan instrument. During the liquidation process, the Center … as necessary. When no further recovery is expected on a loan, the Center also performs a comprehensive review of the … -
Consolidation of Initial Disaster Assistance in Response to Hurricanes Harvey, Irma, and Maria
… assistance response. We reviewed SBA’s staffing adequacy, loan application volume, and timeliness of disaster loan approvals in response to the damages caused by … 30, 2017. The agency effectively staffed and opened loan processing centers in each of the affected communities … -
Fairmont Businesses Uses Paycheck Protection Program to Navigate Storm
… of A3L Federal Works utilizes the Economic Injury Disaster Loan(EIDL) Advance and Payroll Protection Program (PPP) to help her through the current uncertainty of the … knowledge she needed to apply for the EIDL Advance and the PPP. Following the training Maher worked with her accountant … -
Universal Purchase Package (UPP) - Accessible version
… one document to request SBA honor its guaranty on all 7(a) loan types in their portfolio regardless of size and program … Community Advantage SBA form Request to Honor SBA 7(a) Loan Guaranty SBA form 1149 Lender's Transcript of Account SOP 50 57 7(a) Loan Servicing and Liquidation Support Universal Purchase … -
Universal Purchase Package (UPP)
… one document to request SBA honor its guaranty on all 7(a) loan types in their portfolio regardless of size and program … Community Advantage SBA form Request to Honor SBA 7(a) Loan Guaranty SBA form 1149 Lender's Transcript of Account SOP 50 57 7(a) Loan Servicing and Liquidation Support Universal Purchase … -
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 … -
Financial Therapy in the Time of Need
… by her banker regarding the Paycheck Protection Program (PPP) and she was urged to apply. Premier Physical Therapy was approved for a $98,000 PPP loan which allowed the business to continue providing … -
Deadline Approaching for Private Nonprofit Organizations in the Confederated Tribes of the Colville Reservation
… 21, 2022, deadline to apply for an SBA federal disaster loan for property damage caused by wildfires that occurred … The interest rate is 2 percent with terms up to 30 years. Loan amounts and terms are set by SBA and based on each … -
Protecting the Integrity of the Pandemic Relief Programs
… controls within the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan (EIDL), both of which started in 2020 and continued into … include the initiation of SBA pre-approval screening for PPP, tax transcript verification for COVID-EIDL, and Treasury … -
SBA Amends Disaster Declaration for New Mexico Disaster Assistance. Now Available to Private Nonprofit Organizations in Lincoln County
… declared counties the deadline to apply for a disaster loan for physical damage was August 8, 2022, for private … -
SBA Amends Disaster Declaration for Texas
… 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 …