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Independent Auditors’ Report on SBA’s Fiscal Year 2022 Financial Statements
… the Paycheck Protection Program, Economic Injury Disaster Loan program, the Restaurant Revitalization Fund, and … and Prepayments Downward Reestimate Payable to Treasury Loan Guarantee Liabilities For the period ended September … -
Two People Sentenced for Stealing Nearly $300,000 in COVID-19 Relief Money
… expenses. Another program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could … -
Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Small Business and Entrepreneurship Committee, United States Senate, March 3, 2011
… to answer any questions about the SBA OIG’s work in SBA loan and other programs. Criminal and Civil Fraud Cases and … arising under SBA preferential contracting programs, the amount of loss to the Government would equal the amount paid on the contract. In addition, the OIG proposal … -
Administrator Loeffler Applauds House Passage of “Save SBA from Sanctuary Cities Act”
… this year, the agency announced it would require SBA loan applications to include a citizenship verification … eligible applicants have access to taxpayer-funded SBA loan programs. # # # About the U.S. Small Business … -
Executive Transportation Drives through Crisis with SBA-backed Programs
… led him to be the first business his bank provided a PPP loan to. As soon as it received the PPP loan, Executive Transportation hired everyone back. Some … -
K Clean/Sweep-Rite
… Business certifications in July 2009, as well as a loan through LiftFund. K Clean/Sweep-Rite had struggled in the past with obtaining local funding, and the LiftFund loan was critical to the company’s expansion into being a … -
Self-Employment Tax Wrinkles
… applies to all net earnings. There’s no exemption for this amount. Optional payments Self-employed individuals who have … -
Federal Grant Provides Laughs
… equal to 45% of their gross earned revenue up to a maximum amount of $10 million for a single grant. Miller said she … in 2020 due to the pandemic. “We have spent a significant amount already. We’ve spent it on talent, staff, rent, … -
5 Ways to Enhance the Power of Your Business Credit Profile
… for your business to qualify for a line of credit or loan. The good news is the major business credit reporting … -
ICYMI: SBA Administrator Provides Maui Recovery and Relief Update in Interview with Hawaii News Now
… (DRCs) 3 Business Resource Centers (BRCs) 1 Portable Loan Outreach Center (PLC) 1 Joint Field Office/Interim … -
Robin Tucker Blankets the Area with Comfort and Careers
… need to obtain an SBA EIDL (Economic Impact Disaster Loan). To her surprise, Hunt answered the next day. “Dr. Hunt … the country to receive this special SBA, long-term direct loan offering a 30-year payment plan and low interest rate. … -
SBA Honors 2022 Phoenix Award Champions for Outstanding Disaster Recovery Efforts
… for nine months. An SBA $110,000 disaster business loan helped Brittany Moog rebuild Bitty Bubbles Swim School … instructors. An SBA COVID-19 Economic Injury Disaster Loan (EIDL) helped bridge the gap for expenses over the closedown from COVID-19 that the PPP loan did not cover and gave Bitty Bubbles to stay in … -
Audit Report 09-12: Review of SBA's National Guaranty Purchase Center Furniture Contract
… not repay the debt, the SBA inappropriately reduced the amount owed to $66,503, an amount based on unpaid invoices for work that the contractor … -
SBA Business Recovery Center in East Providence Will Remain Open to Jan. 26; Center Will Close for MLK DAY
… at the BRC to answer questions about the disaster loan program and help business owners complete their … -
May is World Trade Month
… businesses reach the global marketplace. The SBA’s export loan programs assist U.S. small businesses in accessing the … -
SBA’s FY 2016 Compliance with the Improper Payments Elimination and Recovery Act
… rate that exceeded the 10 percent threshold; and 7(a) loan guaranty purchases did not meet their annual reduction … the effectiveness of improper payment controls over 7(a) loan guaranty purchases that SBA agreed to address. We … -
Independent Retailer Month Is a Great Time to Start a Business
… their risk and increasing the likelihood that your loan will be approved. Through Lender Match , the SBA … -
The Show Will Go On Thanks to Help from the SBA
… Draw Events received an Economic Injury Disaster Loan in August 2020, as well as an EIDL Advance. Those funds … We want to get back to making profits and the EIDL loan, a lifesaver in 2020, is helping us do that.” As we all … -
READOUT: Administrator Guzman Joined Reps. Dwight Evans and Chrissy Houlahan in Philadelphia to Celebrate Black History Month and Highlight President Biden’s American Rescue Plan
… visited Community First Fund, an SBA Microlender and 7(a) Loan Guaranty Lender that provides loans, training, and … Fund (RRF), and COVID Economic Injury Disaster Loan (COVID EIDL) and used it to fund her payroll and for …