504 Eligibility Checklist (non-PCLP)
… as part of the application package for Section 504 Loan and sends to: Sacramento Loan Processing Center, Small Business Administration, 6501 …
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https://www.sba.gov/document/sba-form-2450-504-eligibility-checklist-non-pclp
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Power of Attorney Agreement
https://www.sba.gov/document/sba-form--power-attorney-agreement… SBA form Submit this Grant of Authority to the Commercial Loan Service Center servicing your loan portfolio. Your completed Grant of Authority should … Related programs: CDC/504 Activity Servicing SOP 50 55 504 Loan Servicing and Liquidation Remove download button Off … … -
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 … -
2023 Arkansas Veteran-Owned Small Business of the Year
https://www.sba.gov/success-story/2023-arkansas-veteran-owned-small-business-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 … -
2023 Kentucky Small Business Week Winners
https://www.sba.gov/success-story/2023-kentucky-small-business-week-winners… South 8th Street. Flavorman has used the SBA 7(a) and 504 loan programs, as well as other SBA loans, to finance the … -
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 … -
Angelene Ripley Wright Named 2024 Oklahoma Small Business Person of the Year
https://www.sba.gov/success-story/angelene-ripley-wright-named-2024-oklahoma-small-business-person-year… the Tulsa area. Wright purchased the business with an SBA loan and was helped through the COVID-19 pandemic with two PPP loans and a COVID-19 EIDL loan. She has doubled the employee count since buying the … -
SBA Obtains $256K Judgment Against Fraudulent Medico
https://www.sba.gov/article/2016/may/16/sba-obtains-256k-judgment-against-fraudulent-medico… financial situation when applying for an SBA-guaranteed loan. The podiatrist, Dr. Anthony J. Enrico, Jr., later defaulted on that loan. The judgment, issued by Administrative Law Judge … found that when Enrico applied for an SBA-guaranteed loan from PNC bank, he failed to mention that CIT Financial … -
TX 15274 PSA-04 SBA IS STILL HIRING FOR HURRICANE HARVEY
https://www.sba.gov/article/2017/sep/04/tx-15274-psa-04-sba-still-hiring-hurricane-harvey… HAS IMMEDIATE TEMPORARY OPENINGS FOR BUSINESS AND HOME LOAN OFFICERS AND ATTORNEYS TO HELP SURVIVORS OF HURRICANE … WILL BE PAID FOR HOURS IN EXCESS OF 40-HOURS PER WEEK. LOAN OFFICERS ARE NEEDED WITH EXPERIENCE EVALUATING FINANCIAL … -
TX 15274 PSA-01 SBA IS NOW HIRING FOR HURRICANE HARVEY
https://www.sba.gov/article/2017/sep/04/tx-15274-psa-01-sba-now-hiring-hurricane-harvey… HAS IMMEDIATE TEMPORARY OPENINGS FOR BUSINESS AND HOME LOAN OFFICERS AND ATTORNEYS TO HELP SURVIVORS OF HURRICANE … will be paid for hours in excess of 40-hours per week. Loan Officers are needed with experience evaluating financial … -
Maui Wildfires – Initial Disaster Assistance and Recovery Response
https://www.sba.gov/document/report-24-11-maui-wildfires-initial-disaster-assistance-recovery-response… to the Maui wildfire disaster, including staffing, loan application volume, and timeliness of disaster loan approvals. We found SBA’s initial response to the Maui … Recovery Center on Maui and provided timely disaster loan assistance to survivors. While SBA successfully … -
SBA Closes Business Recovery Center in Jefferson County
https://www.sba.gov/article/2024/07/22/sba-closes-business-recovery-center-jefferson-county… questions, assist applicants complete their disaster loan application, accept documents, and provide updates on loan status. Walk-ins are accepted, but you can schedule an … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to … -
U.S. Small Business Administration Statement on the House Select Subcommittee on the Coronavirus Crisis Report Concerning Fraud in the Paycheck Protection Program
https://www.sba.gov/article/2022/dec/08/us-small-business-administration-statement-house-select-subcommittee-coronavirus-crisis-report… Coronavirus Crisis report on Paycheck Protection Program (PPP) fraud. “The House Select Subcommittee report details … and by companies who were paid fees by lenders to help PPP funds reach small business owners. In response to new … Blueacorn and Womply, companies that worked with PPP lenders, from working with the SBA in any capacity. The … -
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 -
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 -
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 … -
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 … -
SBA-backed Financing Fuels Growth with Partner Buyout, Pandemic Relief
https://www.sba.gov/success-story/sba-backed-financing-fuels-growth-partner-buyout-pandemic-relief… Working with Choice Bank in 2018, he used an SBA-backed loan to finance the partner equity buy-out. Then in 2020, … require their expertise, so they decided to take out a PPP loan. Since Schwartzbauer took over the business, EXB … services, and strategic growth efforts. Taking out the PPP loan allowed the company to keep a large bench engineers …