How SBA Helps Native American Small Business Owners Succeed
… you may consider applying for an Economic Injury Disaster Loan (EIDL). These loans can be used to pay fixed debts, …
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https://www.sba.gov/blog/how-sba-helps-native-american-small-business-owners-succeed
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SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
https://www.sba.gov/article/2020/jun/17/sba-treasury-announce-new-ez-revised-full-forgiveness-applications-paycheck-protection-program-0… borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility … of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week … for businesses to realize full forgiveness of their PPP loan. Click here to view the EZ Forgiveness Application. … -
Small Banks Gaining PPP Advantage Today
https://www.sba.gov/article/2020/may/06/small-banks-gaining-ppp-advantage-today-0 -
Export Working Capital Authorization File Library
https://www.sba.gov/document/support-export-working-capital-authorization-file-library… menu, select National EWCP Authorization Boilerplate The Loan Agreement and Borrower's Certification Sample documents: The standardized text for a Loan Agreement and the Borrower's Certification which is … -
Settlement Sheet (Use of Proceeds Certification)
https://www.sba.gov/document/sba-form-1050-settlement-sheet-use-proceeds-certification… The purpose of this form is to document and verify that loan proceeds were disbursed in accordance with the … into the business prior to the Lender disbursing any loan proceeds. This form is for use for all 7(a) loans and … -
Weaknesses Identified During the FY 2020 Federal Information Security Modernization Act Review
https://www.sba.gov/document/report-21-17-weaknesses-identified-during-fy-2020-federal-information-security-modernization-act-review… every year. In FY 2020, SBA had an unprecedented volume of loan and grant applications because of the Coronavirus … -
Fiscal Year 2021 Federal Information Security Modernization Act Review
https://www.sba.gov/document/report-22-11-fiscal-year-2021-federal-information-security-modernization-act-review… of continued issues caused by the unprecedented volume of loan and grant applications spurred by the Coronavirus Aid, … -
Independent Auditors’ Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019
https://www.sba.gov/document/report-22-12-independent-auditors-report-sbas-fiscal-year-2021-compliance-payment-integrity-information-act-2019… and unknown payment reduction target; the Disaster Direct Loan Program did not publish corrective action plans, … unknown payment reduction target, and the Disaster Direct Loan Program reported a gross improper payments and unknown payments rate exceeding 10 percent, which is the higher than the … -
SBA’s COVID-19 EIDL Program Data Migration Challenges
https://www.sba.gov/document/report-22-16-sbas-covid-19-eidl-program-data-migration-challenges… and prosecute fraud relies on having continued access to loan and grant data, especially regarding evidential matter … -
Serious Concerns Regarding the Return of Paycheck Protection Program Funds
https://www.sba.gov/document/report-23-08-serious-concerns-regarding-return-paycheck-protection-program-funds… to borrowers on returning PPP funds to lenders if the loan was forgiven or guaranty purchased. Provide detailed … on their responsibilities for accepting PPP funds if the loan was forgiven, to include documenting reasons for the … -
Essential Business uses Paycheck Protection Program to Bring Back Employees
https://www.sba.gov/success-stories/essential-business-uses-paycheck-protection-program-bring-back-employees… of the PPP but was unable to find a bank to process the loan. When the second round of PPP funding was released Tony … where the staff was very helpful and able to close the loan for the small business. “Thanks to Andrew King at … Bank, we were able to get a Paycheck Protection Program loan to bring back two full-time employees, pay health … -
SBA Announces Christmas and New Year’s Day Holiday Closure of Business Recovery Centers
https://www.sba.gov/article/2023/12/22/sba-announces-christmas-new-years-day-holiday-closure-business-recovery-centers… will assist business owners complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Centers will operate as indicated … SBA continues to provide one-on-one assistance to disaster loan applicants at the following location on the days and … -
SBA Announces the Closing of Business Recovery Centers Due to Inclement Weather Conditions
https://www.sba.gov/article/2024/01/09/sba-announces-closing-business-recovery-centers-due-inclement-weather-conditions… will assist business owners complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Oak Forest Municipal Complex hours of … SBA continues to provide one-on-one assistance to disaster loan applicants at the following location on the days and … -
Answers to 5 Questions about Overtime Rules
https://www.sba.gov/blog/answers-5-questions-about-overtime-rules… they must be paid one and one-half times their regular rate per hour (“time and a half”). For example, if a nonexempt employee’s hourly rate is $16 and he/she work 42 hours, two hours must be paid at the rate of $24 ($16 + $8). A workweek is the period fixed by an … -
Landmark Theater Navigates COVID-19's Impact, Triumphantly Announces 2021-2022 Season
https://www.sba.gov/success-story/landmark-theater-navigates-covid-19s-impact-triumphantly-announces-2021-2022-season -
THURSDAY: SBA Administrator to Visit Baltimore, Discuss Economic Assistance Available for Businesses Affected by Bridge Collapse
https://www.sba.gov/article/2024/04/03/thursday-sba-administrator-visit-baltimore-discuss-economic-assistance-available-businesses-affected… 1 to assist business owners in completing their disaster loan applications, accept documents for existing applications, and provide status on loan applications. Thursday, April 4 Tour of Business … -
SBA Business Recovery Centers Close in Massachusetts for Independence Day; Bristol Business Recovery Center Closed Permanently After July 5
https://www.sba.gov/article/2024/07/02/sba-business-recovery-centers-close-massachusetts-independence-day-bristol-business-recovery-center… Centers 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 … -
May is World Trade Month
https://www.sba.gov/blog/may-world-trade-month… of global trade. World Trade Week, which occurs during the third week of May, was established in 1935 by President … businesses reach the global marketplace. The SBA’s export loan programs assist U.S. small businesses to access the … -
SBA Business Recovery Centers Close in Observance of Juneteenth, Update Hours of Operation
https://www.sba.gov/article/2024/06/13/sba-business-recovery-centers-close-observance-juneteenth-update-hours-operation… Centers 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 … -
Second Generation Success with Support from SBA
https://www.sba.gov/success-story/second-generation-success-support-sba… the Paycheck Protection Program (PPP) and a COVID EIDL loan. In 2023, CDI received a 504 loan from Falcon National Bank to upgrade of their new office …