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… center, L&S was approved for a $1.6 million SBA guaranteed loan from Columbia State Bank in 2009. To purchase additional … was approved for six additional loans under the SBA 504 Loan Program. L&S started with one bowling center in 2000 and …
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Stacy & Adam Stevens Took the Entrepreneurial Leap Together: This Time it’s Her Turn
… we, or could we”, to “how do we”. That’s where the SBA loan products came into play and helped their vision become a … business. Through the support of an SBA 7(a) loan, in early 2023, Stacy and Adam became the proud owners … Inc. Then in late 2023, they closed on an SBA 504 loan through Pursuit CDC to purchase all the property … -
Sun Dragon Art & Fiber
… research online she discovered the SBA Community Advantage loan. Within weeks she was approved for a $50,000 loan through the Asheville, North Carolina based Mountain … purchases were developed. “Without the help of this loan I would not be in business,” said Smith. “It is the … -
Distributor Certification
… 7(a), CDC/504 SOP 50 10 Lender and Development Company Loan Programs Support SBA Franchise Directory Remove download … -
Information Notice 5000-866746
… Notice 5000-866746 Information notice 5000-866746 OMB Number 5000-866946 The purpose of this Notice is to inform … and Applicants and Borrowers of the 7(a) and 504 Loan Programs of the issuance of Standard Operating Procedure (SOP) 50 10 8, Lender and Development Company Loan Programs. Office of Capital Access Effective: April 21, … -
Issuance of SOP 50 10 8 with Technical Updates
… with Technical Updates Information notice 5000-868665 OMB Number 5000-868665 The purpose of this Notice is to inform … and Applicants and Borrowers of the 7(a) and 504 Loan Programs of the issuance of Standard Operating Procedure (SOP) 50 10 8, Lender and Development Company Loan Programs with technical updates. Office of Capital … -
Man Sentenced to a Year and a Half in Federal Prison for Covid-Relief Fraud
… Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL)—two sources of relief under the CARES … SBA of more than $1.9 million. Jackson and others used the loan proceeds for their personal benefit, including $500,000 … -
Olive Branch Woman Sentenced to Federal Prison for Defrauding COVID-19 Relief Program of Over $5,000,000
… presented in court, Evans submitted fraudulent PPP loan applications for numerous individuals who were not … documents. When the individual borrowers obtained the PPP loan funds, they then paid Evans kickbacks of 20 to 30%. The … -
SBA’s Controls to Address Financial Statements Audit Disclaimers and Material Weaknesses
… it has not received sufficient evidence to support a number of balances. We reviewed SBA’s history of disclaimers … amount of disaster assistance aid and guaranteed loan funds to help eligible small business owners and … -
Office of Inspector General
… to lookout for to protect your business from grant fraud, loan fraud, or phishing. Protect your business Connect with … -
About the SBA.gov website
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How to Establish Business Credit for the First Time
… . Next, you will need to apply for a tax identification number, also known as an employer identification number. This is the number used to identify a business entity for tax filing and … -
SBA Baltimore District Office Relocates
… Contact: Rachel Howard, (410) 244-3337 Release Number: MD 18-03 … -
Appendix 16: Chart of Accounts for SBICs
… Policy guidance This system provides for two-digit number designations for major categories under which accounts are listed, and three-digit number designations for individual general ledger accounts. The first two digits of an individual account number refer to the major category under which the account is … -
Audit Report 13-14: The SBA’s 417 Unauthorized Commitments Impacted Mission-Related Services and Increased Costs
… November 2010 and May 2012. The OIG found that the total number of unauthorized commitments at the SBA in the last two fiscal years greatly exceeded the total number of unauthorized commitments at six other federal … management at the SBA and significantly decrease the total number of future unauthorized commitments. Office of … -
Audit Report 13-10: The Small Business Administration Did Not Effectively Assess Disaster Assistance Staffing Requirements, Availability, and Readiness
… a process or written procedures to accurately identify the number of reserve staff available to respond to disasters. … (3) develop a process that accurately identifies the total number of reserve staff available for mobilization and … procedures that define ODA’s process for determining the number of reserve staff available to respond to disasters … -
SBA Supervised Lender Application
… SBA Supervised Lender Application SBA form 2499 OMB Number 3245-0410 Each applicant must submit one (1) complete … The applicant must include its name, address, telephone number, fax number, e-mail address and a primary contract person. Each … -
SBA Supervised Lender Assessment Plan
… SBA Supervised Lender Assessment Plan SBA form 2498 OMB Number 3245-0410 Each applicant must submit one (1) complete … The applicant must include its name, address, telephone number, fax number, e-mail address and a primary contract person. Each … -
Distillery breaks ground in VT capital
… production to more than 200,000 cases a year. A 504 loan provides long-term, fixed-rate financing for purchasing … this year the SBA made a substantial change to the 504 Loan Program making new 504 loans available with a 25-year … -
Distillery breaks ground in VT capital
… production to more than 200,000 cases a year. A 504 loan provides long-term, fixed-rate financing for purchasing … this year the SBA made a substantial change to the 504 Loan Program making new 504 loans available with a 25-year …