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… of loans to AANHPI owned small businesses in Minnesota – a 27% increase over the previous year. Deputy Administrator … are yielding results, driving an increase of 47% in loan volume for loans under $150,000, reaching the long tail … Administrator Syed closed out his day by participating in a town hall with the Somali American community in …

… Pies with a Purpose Many entrepreneurs have a business idea and then launch a small business. But what if … applied for an SBA COVID-19 EIDL (Economic Injury Disaster Loan) to sustain the company. In 2023, Dawn was accepted into … Pies with a Purpose …

… and featured in the movie by the same name.) Bootstrapping a start-up like Elinor Coatings from scratch is expensive and … Elinor Coatings has used two SBA programs for a term loan and a line of credit (7(a) and Express). The SBA loans positioned the company for …

… US. There are numerous talents that go into being a successful entrepreneur.  One of them, says head distiller … pandemic. The Paycheck Protection Program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program,” said SBA Buffalo District Director …

… Sugar, spice and everything nice: How SBA helped a local Minnesota Bakery thrive Anne Andrus has always had a passion for creating and food, and she realized early on … experienced newfound growth. With the help of a 504 loan, Andrus expanded her bakery by purchasing a new …

… “I asked if the food was ready and they said no—I snatched a rib right off the grill and hid in a closet to eat it!   When they found me I was covered with … a problem.   He applied for and received an SBA COVID EIDL loan and a small PPP loan in April 2020, enabling him to buy …

… Biscuit LeAnna Lynn knew she wanted to be the CEO of a company when she was young. When she was 12 years old, she … launch her restaurant. “In May 2023, I applied for an SBA 7(a) Community Advantage loan through a Certified Development Company (CDC),” LeAnna …

… These changes were in addition to the recent revisions as a result of the SBA’s comprehensive size standards review … on tangible net worth and net income that applies to SBA’s 7(a) and 504 loan programs.  The new alternative standard was established …

… West Virginia, started 36 years ago with an SBA guaranteed loan.  Ten years later, when the business was forced to … Center (SBDC) Coach, the SBDC is funded in part through a cooperative agreement with SBA to provide one-on-one … 30 employees on payroll. “Due to the Coronavirus I saw a 45 percent decrease in sales and was worried about meeting …

… listened as Christy NaMee Eriksen, who owns Kindred Post – a post office, gift shop and neighborhood gathering place in … made worse by the pandemic. Women-owned businesses were 1.7 times more likely to close during the pandemic than their … that we’re bringing to our nation’s small businesses:   $7.25 billion more for the Paycheck Protection Program (PPP)  …

… Original U.S. Department of Justice (DOJ) Press Release A former Oklahoma man with business ties in Florida was …

… including the Small Business Person(s) of the Year at a ceremony and reception in Washington, D.C. “It is my … Brooke purchased their own roasting plant using an SBA 504 loan.  They have worked diligently with their farmers for 17 … Distilled Spirits Epicenter.  Dafoe has used an SBA-backed 7(a) loan and a separate 504 loan to move to its current …

… best. Marco Carbajo SBA Blog Contributor Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility … offering a much easier debt to service compared to a loan. To give yourself extra padding to meet your company’s …

… unique beverages. Owners Jen and Jeff Herbert's story is a familiar one where a part-time passion turned into a small … buildout of a state-of-the-art facility on 1.1 acres with 7,450 square feet of production space. A new SBA loan is now assisting in the opening of a new facility in …

… to current and aspiring veteran small business owners as a Veterans Business Outreach Center (VBOC). The funding … by SBA’s Office of Veterans Business Development, is a one-year initial award with up to four additional one-year … business education, technical assistance, revolving loan funds, and SBA Loans.   To learn more about the new VBOC …

… Barbeque Restaurant In the Vauxhall section of Union is a hidden hole-in-the-wall that attracts a steady clientele with its combination of Carolina-style … able to secure thanks to a $75,000 SBA Community Advantage Loan and Microloan for $15,000 from the Regional Business …

… is the foundation of your business. Learn how to write a business plan quickly and efficiently with a business plan template. Content Business plans help you run … If you have other collateral you could put against a loan, make sure to list it now. Provide a prospective …

… Rico, Ingrid Hernández uncovered her artist talent at a young age. After graduating from the Rhode Island School of … had obtained an SBA Paycheck Protection Program (PPP) loan during the pandemic, attended SBA training events over … an active SBA lender in the region, and obtained an SBA 7(a) loan. And  he appreciates the SBA's assistance in …

… Plus Quality Ingredients Equal Success Charlie Downs knows a bit about running businesses. After all, he has started or … Fund and took out an EIDL (Economic Injury Disaster Loan) which they paid back as soon as they realized they … his first restaurant venture). When his wife applied for a 7(a) loan for Cyrano’s, SBA and his lender stressed the need …

… year, SBA approved 48 new SBIC licenses, cultivating a cohort that is expected to support more than $14 billion in … that the agency  approved record lending through its 7(a) and 504 loan programs, totaling $45 billion to more than 85,000 small …