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SBA Brings Hope and Help by Opening a Business Recovery Center in Oak Forest
… SBA continues to provide one-on-one assistance to disaster loan applicants at the following location on the days and … private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each … -
Sons of Liberty - A Revolutionary Spirit
… Whisky Magazine honored Sons of Liberty by naming them the number one “Craft Producer” in the country, considering them … -
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 … sites being built now. The SBA’s small business loan, and the SBDC’s counseling services not only allowed … -
Supporting Entrepreneurs & Workers with Disabilities
… efforts in history. Alex received a forgivable PPP loan to help keep her school open and her 75 staff on … know what would have become of the company without the loan.” PPP was a financial lifeline not only for nonprofit … -
Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Small Business and Entrepreneurship Committee, United States Senate, March 3, 2011
… to answer any questions about the SBA OIG’s work in SBA loan and other programs. Criminal and Civil Fraud Cases and … our review found that SBA had only evaluated a limited number of procuring offices over the past seven years, and … reports raising concerns about the fact that only a small number of 8(a) companies were obtaining a disproportionate … -
SBA Business Recovery Centers to Temporarily Close in Observance of Independence Day Holiday
… questions, assist business owners complete their disaster loan application, accept documents, and provide updates on an … 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 Administrator Guzman Travels to Iowa to Survey Disaster Recovery Efforts and Visit Small Businesses
… and Swanson about their experiences with the SBA’s loan application process and the impact these resources have … -
SBA Administrator Loeffler Issues Memo on Day One Priorities
… those affected by disaster. Cracking down on fraud: SBA’s loan programs should be a powerful tool for empowering small … so too have delinquencies, defaults, and charge-offs on loan programs, exacerbated by the previous Administration’s lax loan underwriting, servicing, and collection efforts. As a … -
Buy an existing business or franchise
… : This method is typically used to determine how much of a loan the business' cash flow can support. Tangible assets … -
Veteran-owned Aeroforce Logistics Powered by Several SBA Programs
… and Women’s Business Center. The day they signed the loan papers for a $50,000 microloan, they were awarded a … them pack the boxes to meet the contract terms. The loan was paid back within six months. In 2020, they continued to finance growth with an Express loan of $150,000 through Pyramax Bank, and they also received … -
We're Fighting for Veterans this National Veterans Small Business Week
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Write your business plan
… If you have other collateral you could put against a loan, make sure to list it now. Provide a prospective … -
Jim Wilson of Bangor Savings Bank is SBA’s 2023 NH Financial Services Champion
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5 Ways to Get Credit for Your Business
… do it in your company’s name using its tax identification number not your social security number. Here are five ways to get credit for your business: … you will supply your company’s business tax identification number, your business is still required to provide a personal … -
Setting sights on a state-of-the-art dream
… Corporation to secure a Small Business Administration 504 loan. The 504 Loan Program provides long-term, fixed rate financing of up … -
The State of Women in Business
… planning Business management Marketing How to navigate the loan process Opportunities for selling to the government And … help women business owners explore the range of government loan programs offered through SBA. Check out SBA’s Directory … Local SBA offices can also provide information on SBA loan programs, the application process and participating … -
SBA helps socially disadvantaged business do business with the federal government
… Trilogy was able to secure a Paycheck Protection Program loan from First United Bank & Trust. The PPP loan removed the burden of worrying what the future held … Trilogy to retain all their employees. Trilogy’s PPP loan was fully forgiven in July of 2021. While growing their … -
Dandelion Cafe
… difficult to access funding due to collateral and minimum loan requirements, especially as an applicant from the … who helped her access the collateral she needed to get a loan. Through a combination of financing, credit cards, and … to access funding through the SBA Economic Injury Disaster Loan program and the Paycheck Protection Program to recover … -
Creating A Savings Account For Your Business
… substantial profit. You likely will be servicing the loan before you see any revenue from the project, requiring you to use other funds to repay the loan. Access to capital. It's not always easy, or quick, to … immediate action that you could miss while waiting for a loan to close. If you have your own savings fund, you can use …