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7(a) Working Capital Pilot (WCP) Program Guide
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ODA Shuttered Venue Operators Grant System
… Grant System Privacy Impact Assessment Report SBA provides disaster assistance through its Office of Disaster Assistance (ODA), which coordinates low-interest, long-term loans for damage caused by a declared disaster. In March … -
SBA Administrator to Travel to Hawaii, Visit Small Businesses and Communities Impacted by Recent Wildfires
… local small business owners and highlight the SBA’s robust disaster recovery and resilience operation deployed to assist … details are forthcoming. Following President Biden’s major disaster declaration in Maui County as a result of the … that began on August 8, low-interest federal disaster loans are now available to affected businesses and residents … -
The U.S. Small Business Administration can Finance your International Sales
… a 90% loan guarantee to lenders who extend working capital loans for U.S. small business exporters, with loans as large as $5 million. EWCP works by allowing the … accounts receivable and export-bound inventory. EWCP loans are typically 12 months, whereupon it can be replaced … -
How SBA Helps Native American Small Business Owners Succeed
… offer a variety of financial resources like SBA-guaranteed loans that help small businesses grow in times of prosperity or recover after a disaster. If your small business was impacted by the … pandemic, you may consider applying for an Economic Injury Disaster Loan (EIDL). These loans can be used to pay fixed … -
California Businessman Pleads Guilty in Federal Court to Orchestrating $14 Million Covid-Relief Fraud
… obtaining more than $14 million in small business loans under the Coronavirus Aid, Relief, and Economic … SADLER participated in a scheme to fraudulently apply for loans pursuant to the Paycheck Protection Program (“PPP”), … in fees from clients for fraudulently obtaining the loans on their behalf. Sadler used the fraud proceeds to rent … -
Joint Statement by Administrator Jovita Carranza and Secretary Steven T. Mnuchin on Establishing Dedicated Hours for Small Lender Submissions of PPP Applications
… their small business customers, the SBA is only accepting loans from lending institutions with asset sizes less than $1 … regardless of size, will still be able to submit PPP loans outside of this timeframe. This reserved processing … or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network … -
Five Factors that Impact Your Business Credit
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SBA Administrator Loeffler Issues Memo on Day One Priorities
… to serving America’s job creators and citizens when disaster strikes.” The following priorities have been … U.S. taxpayers, small businesses, and those affected by disaster. Cracking down on fraud: SBA’s loan programs should … small business formation and delivering critical aid to disaster victims. The prior Administration left these … -
In Less Than Two Weeks, Paycheck Protection Program Direct Borrower Forgiveness Portal Surpasses Expectations, Accepts More Than 340K Submissions
… more than 340,000 submissions from borrowers with PPP loans of $150,000 or less, highlighting … risk of owing principal and interest payments on their PPP loans. "We are incredibly excited that in just two weeks, … expand their businesses, or recover from a declared disaster. It delivers services through an extensive network … -
Is a Solid Supply Chain Crucial To Your Company's Success?
… www.preparemybusiness.org to get tips on building your own disaster plan. The SBA provides disaster recovery assistance in the form of low-interest loans to homeowners, renters, private nonprofits and … -
Statement from SBA Administrator Isabella Casillas Guzman on Hurricane Fiona
… President Biden’s swift action to issue an Emergency Disaster Declaration for Puerto Rico, the SBA quickly mobilized and positioned disaster assistance staff and resources on the ground to help … said SBA Administrator Isabella Casillas Guzman . “SBA’s disaster assistance team is supporting the overall response … -
SBA Announces Call for Nominations for 2022 National Small Business Week Awards
… Small Business Exporter of the Year Phoenix Awards for Disaster Recovery: Phoenix Award for Small Business Disaster Recovery Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official Phoenix Award for … -
SBA Extends Deadline for 2019 National Small Business Week Awards Nominations
… Small Business Exporter of the Year Phoenix Awards for Disaster Recovery Phoenix Award for Small Business Disaster Recovery Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official Phoenix Award for … -
Six Successful Entrepreneurs Share Keys to Success In New ‘America’s Best’ Video Series
… 1979 and 1989, Allen Edmonds received SBA-guaranteed 7(a) loans totaling $2,265,000. Cerner Corporation, Kansas City, … a portfolio of direct and guaranteed business loans and disaster loans worth more than $80 billion, SBA is the … owners. SBA also plays a major role in the government's disaster relief efforts by making low-interest recovery loans … -
THURSDAY: SBA Administrator to Visit Baltimore, Discuss Economic Assistance Available for Businesses Affected by Bridge Collapse
… the SBA has made low-interest, long-term Economic Injury Disaster Loans (EIDL) available to affected business owners to help … on April 1 to assist business owners in completing their disaster loan applications, accept documents for existing … -
Spokane Dermatologist Agrees to Pay $1.4 Million to Resolve Claims of Fraudulently Obtaining COVID-19 Funds
… local businesses. One such program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could be deferred until the conclusion of the … economic injury to a business caused by the COVID-19 disaster, such as paying payroll, health insurance premiums, … -
SBA Invites America’s Small Businesses to Share Their Story
… Small Business Exporter of the Year Phoenix Awards for Disaster Recovery: Phoenix Award for Small Business Disaster Recovery Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official Phoenix Award for … -
SBA Now Accepting 2019 National Small Business Week Awards Nominations
… Small Business Exporter of the Year Phoenix Awards for Disaster Recovery Phoenix Award for Small Business Disaster Recovery Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official Phoenix Award for …