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Little Hat Creek Farm
… They found financing for the second half of their loan through an SBA 7(a) loan from University of Virginia Community Credit Union. The loan was disbursed in 2016 and the couple is close to fully … -
Crest Haven Farm Market grows with SBA’s technical assistance and pandemic programs
… SBA-guaranteed financing from M&T Bank. SBA’s most common loan guaranty program is the 7(a) program. This is the best … on the SBA through the Paycheck Protection Program (PPP) that helped them keep their employees on payroll and … as they applied for SBA’s Paycheck Protection Program (PPP),” said Steve Stumbris, Director, Bucknell University … -
From the First State to the Four Corners of the Globe: Delaware Firm Exports Electronics Worldwide with a Little Help from the Delaware Small Business Development Center and SBA
… COVID relief program the Paycheck Protection Program (PPP). Active through May 2021, PPP was an SBA-backed loan that helped small businesses impacted by COVID-19 to … -
SBA Recovery Programs Assist Engineering Firm Through Pandemic
… immediately applied for a Paycheck Protection Program (PPP) forgivable loan. They received a PPP First Draw in 2020 and a Second Draw PPP in early 2021. … -
Readout of SBA Administrator Guzman’s Convening of Small Business Lending Summit
… small business loans through their signature 7(a) and 504 loan programs. These loans have helped promote inclusive … -
Grilling Up New Ideas for a WOSB, Rural Manufacturing Company
… Successful Impact/Outcome The two SBA 7(a) loans and PPP allowed the company to stabilize and grow while creating … net worth. The two SBA loans are now paid in full and the PPP is forgiven. Oscarware has grown to 34 employees. Debra … -
Administrator Loeffler Announces SBA Reforms to Put American Citizens First
… days, the SBA will promulgate a new policy requiring SBA loan applications to include a citizenship verification … assistance. In June 2024, the agency approved a $783,000 loan application for a small business that was 49% owned by … the illegal status of the individual and halted the loan from being disbursed – ensuring that $0 was distributed … -
Taylor Chip finds sweet success with SBA’s technical and pandemic assistance programs
… on the SBA through the Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loan (EIDL) that helped them keep their employees on payroll … our Lancaster SCORE Counselors, and of course, the SBA PPP and COVID EIDL loans which enabled our business to … -
LA 14811-02 SBA to Open Business Recovery Center in Walker to Help Businesses Impacted by Severe Storms and Flooding
… with each business owner to explain how an SBA disaster loan can help finance their recovery. “They will answer questions about SBA’s disaster loan program, explain the application process and help each … at any Disaster Recovery Center in Louisiana. Disaster loan information and application forms are also available … -
Investor’s Shot at Pre-Retirement Hobby is Award-Winning Business
… the Hough Family’s aged whiskeys, thanks to an SBA 504 Loan. The loan, a combination of funds from the Hough Family, Pursuit, … barrel warehouse and an 18th-century tasting room. The 504 Loan Program is an economic development program that supports … -
Tsang’s Tea Empire Anchored by SBA 504
… thousands of years to support immune health. The SBA 504 Loan: Anchoring Multiple Companies Under One Roof With three … fellow business owner recommended looking into the SBA 504 loan program for buying commercial property. Tsang took the … certified development company (CDC) to help facilitate the loan process. That’s when he connected with Ryan Johnson, … -
Deadline Approaching in Kentucky for Private Non-Profits Affected by March 2023 Severe Storms to Apply
… The SBA offers federal Economic Injury Disaster Loan (EIDL) to help eligible non-critical PNP organizations … working capital needs such as ongoing operating expenses. Loan amounts can be up to $2 million with an interest rate of … suffered any physical property damage. The SBA sets loan amounts and terms based on each applicant’s financial … -
SBA to Open Business Recovery Center in Crowley to Help Businesses Impacted by Severe or Extreme Drought
… 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 … -
Landmark Theater Navigates COVID-19's Impact, Triumphantly Announces 2021-2022 Season
… Paycheck Protection, COVID Economic Injury Disaster Loan, and Shuttered Venue Operators Grant Programs. Since its … the balance, The Grand turned to SBA’s Paycheck Protection loan program to keep its staff on the payroll and meet … at large. Its immediate future financed with SBA’s PPP funds, The Grand’s creative team took the theater’s … -
SBA to Open Business Recovery Center in Sulphur to Help Businesses Impacted by Severe Storms, Straight-line Winds, Tornadoes and Flooding
… needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the … 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 … -
Colorado Springs Funeral Home Operator Sentenced in Gruesome Fraud Scheme
… Business Administration (SBA) through fraudulent COVID-19 loan applications. According to the plea agreement, from as … impact of the COVID-19 pandemic. The CARES Act created the PPP, a program administered by the Small Business … payroll, and certain other expenses consistent with PPP rules. Additionally, in response to the COVID-19 … -
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 … the pandemic, CQ accessed the Paycheck Protection Program (PPP) through the Small Business Administration. PPP loans were forgivable loans intended to help businesses … -
SBA’s Women’s Business Center Consulting and SBA’s Emergency Capital Programs Helps Wild Hand Spin the Wheel of Success
… applied and received SBA’s COVID Economic Injury Disaster Loan (EIDL). She also applied and received SBA’s Paycheck Protection Program (PPP) loan. “SBA’s emergency capital programs allowed me to … said Sytsma. “I also applied and have received SBA’s forgiveness for my PPP loan.” She worked diligently to adapt … -
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 … make it difficult for the Bourque’s to repay a $2 million loan comfortably. Terry realized he needed a plan to restart the business while reducing the loan amount required to cover his losses. He disposed of the …