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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 … -
Spokane Dermatologist Agrees to Pay $1.4 Million to Resolve Claims of Fraudulently Obtaining COVID-19 Funds
… businesses. One such program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could … -
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 … -
Write your business plan
… If you have other collateral you could put against a loan, make sure to list it now. Provide a prospective … -
How Vanished Valley Brewing Co. Survived the Shift
… forgivable loans, as well as an Economic Injury Disaster Loan to support their recovery process. This funding allowed … also assist the business with expansion through the 504 loan program. … How Vanished Valley Brewing Co. Survived the … -
Company Uses SBA 8(a), HUBZone and PPP to Grow and Survive the Pandemic
… to increase safety. Grōt, Inc. received a PPP forgivable loan in April 2020. Paperwork was processed within 48 hours. … -
SBA Approves Governor Newsom’s Disaster Declaration for State-Sanctioned Crisis in Los Angeles
… immediately approved an SBA Economic Injury Disaster Loan (EIDL) declaration, enabling small businesses to apply … Impacted individuals seeking to obtain an EIDL loan may visit sba.gov/disaster . # # # About the U.S. … -
Recycling Waste into Sustainable Manufacturing Solutions
… for next year with the help of our seventh SBA 504 loan. We’re expanding our Indiana facility by 45,000 sq ft, … the SBA for access to capital, taking advantage of several loan programs, including the 504, for over $11 M. Roseri also … us.” For more information on SBA resources and the 504 Loan Program, visit www.sba.gov/in . … Recycling Waste into … -
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 … -
SBA Administrator Isabel Casillas Guzman and FTC Chair Lina Khan Discuss How to Enhance Small Business Competitiveness
… Year 2023. The SBA’s historic rulemaking simplifying its loan programs has also led to a doubling of small-dollar loans under the agency’s signature 7(a) loan program. The FTC enforces the nation’s antitrust laws to … -
SBA Emerging Leader Graduate Honored at Export Summit
… respectively with a Preferred Lenders Program ( PLP ) term loan refinancing existing debt. At the NASBITE awards … -
SBA Programs and Services for Native American Entrepreneurs
… get the access to capital they need. Whether it’s a 7(a) loan , 504 loan , or microloan , the SBA has an option that is suited …