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… 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 …
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SBA Announces $18 Million in Funding Opportunity to Support Small Businesses Trade Growth
… shows or on trade missions, and complement SBA’s export loan guaranty programs , which can finance the working … Islands and Guam. Visit the website at www.sba.gov . Summary WASHINGTON, D.C. – Administrator Linda McMahon, head … -
The SBA issues a final rule on increases to monetary size standards for inflation
… new alternative size standard for the SBA’s 7(a) and 504 loan programs that was established under the Jobs Act. The … eligibility under the Agency’s Economic Injury Disaster Loan (EIDL) Program in connection with Hurricanes Katrina, … are up to date based on these revised size standards. Summary SBA finalizes a 2014 interim rule that adjusts … -
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 … -
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 … -
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 … -
READOUT: U.S. Senator Ben Cardin Joins SBA Administrator Isabella Casillas Guzman and Small Business Owners for a Webinar on Economic Aid and Recovery in the Mid-Atlantic Region
… SBA updates on the COVID-19 Economic Injury Disaster Loan (COVID-19 EIDL). COVID-19 EIDL is a borrower-friendly small business loan program to help small business owners, self-employed gig … https://www.sba.gov/federal-contracting . COVID EIDL Loan FAQs: COVID EIDL Loans: Frequently Asked Questions, … -
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 … -
American Rescue Plan Act Elevates Small Business Support in Response to COVID-19 Pandemic
… program, and now allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for … organizations. To learn more, visit www.sba.gov . Summary Statement from SBA Senior Advisor Michael Roth … -
SBA Opens Second Business Recovery Center in Mississippi; Centers to Close for July 4th Holiday
… 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 … -
Statement by SBA Administrator Guzman on Anniversary of American Rescue Plan
… programs, such as the COVID Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection (PPP) … of America’s economy.” For more information about SBA’s loan programs, financial assistance, and other services, … -
A List of Expenses You’ll Have as a Franchise Owner
… If you’re like most people, you obtained a small business loan for a portion of your upfront costs when you purchased your franchise. That means you’ll have a monthly loan payment to add to your expense structure. The good news is that your loan payment won’t go on forever. As a result, when you’re … -
SBA Implements Law Enhancing Ability to Declare Disasters and Deliver Support to Rural Communities
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The Business of Engineering
… Blake secured a Certified Development Company (CDC)/504 loan. The CDC/504 Loan Program provides financing for major fixed assets, such …