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https://www.sba.gov/article/2021/mar/19/sba-launches-portal-begin-accepting-shuttered-venue-operators-grant-applications-april-8… amended the SVOG program so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this. As the …
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Sal & Mookie’s New York Pizza & Ice Cream Joint
https://www.sba.gov/success-story/sal-mookies-new-york-pizza-ice-cream-joint… to adversity. The business received a SBA 7(a) guaranteed loan from Trustmark Bank in 2011 to obtain more favorable … their business under the Paycheck Protection Program (PPP Loan), Economic Injury Disaster Loan (EIDL) and EIDL Advance to sustain the business due to a … -
SBA Extends Physical Deadline for Puerto Rico Private Nonprofit Organizations Affected by Tropical Storm Ernesto
https://www.sba.gov/article/2025/02/11/sba-extends-physical-deadline-puerto-rico-private-nonprofit-organizations-affected-tropical-storm… property damage. Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, … -
A Brief Guide to Fixing an Incomplete, Outdated or Incorrect Credit Report
https://www.sba.gov/blog/brief-guide-fixing-incomplete-outdated-or-incorrect-credit-report… a consumer report such as a consumer’s accounts for a car loan, mortgage loan, or credit card. With all the enormous amounts of data … tier , making them more likely to be offered a lower auto loan interest rate. So how do you order your personal credit … -
USAF Veteran and Medical Specialist Brings her Skills to Create a Home for Aging Families in Need
https://www.sba.gov/success-story/usaf-veteran-and-medical-specialist-brings-her-skills-create-home-aging-families-need… Development Corporation (GSDC) to obtain the construction loan they needed. “Without the SBA loan for construction, we would not have been able to start … project and during the pandemic, the business received SBA loan forgiveness payments for several months. In addition, … -
SBA helps mechanic cycle into business
https://www.sba.gov/success-story/sba-helps-mechanic-cycle-business… for working capital or any business-related expense. WCCED Loan Officer April Cacia said these loans are designed to … Kostyzak is one of her best clients. Kostyzak used the loan proceeds to add inventory in an industry boasting global … -
READOUT: Administrator Guzman Joined Reps. Horsford and Titus in Las Vegas to Meet with Local Small Business Leaders and Celebrate AANHPI Heritage Month
https://www.sba.gov/article/2022/may/26/readout-administrator-guzman-joined-reps-horsford-titus-las-vegas-meet-local-small-business-leaders… that benefitted from a Paycheck Protection Program (PPP) loan. Administrator Guzman met with Andrea Vigil, COO of … able to utilize two PPP loans, an Economic Injury Disaster Loan (EIDL), and skills learned through the SBA’s Emerging … -
Credit inquiries: what you should know about hard and soft pulls
https://www.sba.gov/blog/credit-inquiries-what-you-should-know-about-hard-soft-pulls… However, when you decide to go “rate shopping” for an auto loan or mortgage there is a built-in allowance for interest … credit scoring models treat multiple inquiries for an auto loan or mortgage within a 30-day window as a single hard … lenders and/or card issuers that you currently have a loan or line of credit with. This is typical during account … -
Mission-Driven Café Gets Support from SBA to Continue Serving
https://www.sba.gov/success-story/mission-driven-cafe-gets-support-sba-continue-serving… young children. Claire turned to her bank for a business loan to help with unforeseen construction expenses but was … point for Claire’s business, she used the microloan loan for business expansion and working capital that helped … Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds to keep her entire staff on payroll, while … -
A clear path forward
https://www.sba.gov/success-story/clear-path-forward… Wilburn secured both an SBA Economic Injury Disaster Loan and an SBA Paycheck Protection Loan to keep his business on track and took advantage of the … -
PPP Profile - Newton Specialty Retailer Capitalizes on Pet Industry Trends
https://www.sba.gov/success-stories/ppp-profile-newton-specialty-retailer-capitalizes-pet-industry-trends… its doors last December with the help of an SBA-guaranteed loan. The business got off on the right foot until the … needs. Thanks to an SBA-backed Paycheck Protection Loan (PPP) through US Bank, Earthwise Pet returned to normal … with SBA making six months of payments on its existing SBA loan under the federal agency’s Cares Act Debt Relief … -
Eye Center of Houston
https://www.sba.gov/success-story/eye-center-houston… today. With the help of Wallis Bank and a SBA 7(a) loan, Dr. Faheem was able to turn his vision into a reality by utilizing loan funds to purchase medical equipment and build-out a … -
Biden-Harris Administration Expands Access to Capital for Underserved Small Businesses Through Mission-Based Lenders
https://www.sba.gov/article/2023/10/20/biden-harris-administration-expands-access-capital-underserved-small-businesses-through-mission… Business Lending Company (CA-SBLC) licenses in the 7(a) Loan Program ensures that mission lenders, like CDFIs, can … approved in the last sixty days. The Community Advantage Loan Pilot Program – originally launched during the … -
SBA Recovery Programs Allow This Business to Keep On Cookin’ Through Pandemic
https://www.sba.gov/success-story/sba-recovery-programs-allow-business-keep-cookin-through-pandemic… The Hunters received an SBA COVID Economic Injury Disaster Loan (EIDL) to catch up on past-due bills for utilities, … also successfully applied for a PPP First and Second Draw Loan, which helped tremendously with payroll and affiliated … educational seminars and webinars, assisting with loan applications, marketing, pandemic recovery and more. … -
Entrepreneurs Look at Obstacles as Child’s Play - How this Small Business Pivoted from COVID-19 with SBA Help
https://www.sba.gov/success-story/entrepreneurs-look-obstacles-childs-play-how-small-business-pivoted-covid-19-sba-help… Courses. “Initially we were going to take out a massive loan to have our obstacles professionally designed and … the Paycheck Protection Program, Economic Injury Disaster Loan, and the business counseling services from the New … -
Never Quit, Never Quit, Never Quit
https://www.sba.gov/success-story/never-quit-never-quit-never-quit… bonding and past performance. Susan secured an SBA 504 loan, investing approximately $900,000 of her own equity, and … Athena Construction Group has utilized SBA guaranteed loan programs and joined the 8(a) business development … -
Taylor Chip finds sweet success with SBA’s technical and pandemic assistance programs
https://www.sba.gov/success-story/taylor-chip-finds-sweet-success-sbas-technical-pandemic-assistance-programs… Program (PPP) and COVID Economic Injury Disaster Loan (EIDL) that helped them keep their employees on payroll … Pennsylvania Director. “We are proud our SBA emergency loan programs helped their business during the pandemic.” … -
Building a Solid Foundation with SBA Resources
https://www.sba.gov/success-story/building-solid-foundation-sba-resources… company going. He received an SBA Economic Injury Disaster Loan (EIDL), EIDL Advance grant and Paycheck Protection Program (PPP) loan. He stated, “Those loans helped save the business and … -
10 Stats That Explain Why Business Credit is Important for Small Business
https://www.sba.gov/blog/10-stats-explain-why-business-credit-important-small-business -
Dreaming of Becoming an Entrepreneur? The SBA Is Here to Help.
https://www.sba.gov/blog/dreaming-becoming-entrepreneur-sba-here-help… overhead requirements, and no collateral needed for some loan options. Use our free Lender Match tool to connect with …