PR 16253 - SBA Representatives Available at FEMA Disaster Recovery Centers
… with approved loans to set appointments to close their loan. The disaster declaration covers Adjuntas, Aguada, …
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https://www.sba.gov/article/2020/jun/22/pr-16253-sba-representatives-available-fema-disaster-recovery-centers
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SBA Proposes Rule to Eliminate Regulations that Exclude Faith-Based Organizations from Seven SBA Programs
https://www.sba.gov/article/2021/jan/19/sba-proposes-rule-eliminate-regulations-exclude-faith-based-organizations-seven-sba-programs… certain faith-based organizations from seven business loan and disaster assistance programs. These programs … include the Intermediary Lending Program (ILP), Business Loan programs (7(a), Microloan and 504 programs), Economic Injury Disaster Loan (EIDL) program, Military Reservist Economic Injury … -
SBA Amends Disaster Declaration for California
https://www.sba.gov/article/2021/dec/16/sba-amends-disaster-declaration-california -
Report 15-14: SBA's Controls to Prevent Duplication of Benefits with Community Development Block Grants
https://www.sba.gov/document/report-15-14-report-15-14-sbas-controls-prevent-duplication-benefits-community-development-block-grants… CDBG Program is to provide timely, accurate, and complete loan information to HUD grantees that administer the grants … a few instances where SBA did not timely annotate in the loan file that a grant had been awarded. However, no … duplicated since the disaster survivor had not requested a loan, loan reinstatement, reconsideration or reacceptance, or … -
Report 9-08 – Audit of the Liquidation Process at the National Guaranty Purchase Center
https://www.sba.gov/document/report-9-08-report-9-08-audit-liquidation-process-national-guaranty-purchase-center… loans that are made by participating lenders. Upon loan default, SBA authorizes participating lenders to … become necessary, to completely liquidate or sue upon the loan instrument. During the liquidation process, the Center … as necessary. When no further recovery is expected on a loan, the Center also performs a comprehensive review of the … -
Consolidation of Initial Disaster Assistance in Response to Hurricanes Harvey, Irma, and Maria
https://www.sba.gov/document/report-21-05-consolidation-initial-disaster-assistance-response-hurricanes-harvey-irma-maria… assistance response. We reviewed SBA’s staffing adequacy, loan application volume, and timeliness of disaster loan approvals in response to the damages caused by … 30, 2017. The agency effectively staffed and opened loan processing centers in each of the affected communities … -
Virtual summit
https://www.sba.gov/national-small-business-week/virtual-summit -
Fairmont Businesses Uses Paycheck Protection Program to Navigate Storm
https://www.sba.gov/success-stories/fairmont-businesses-uses-paycheck-protection-program-navigate-storm… of A3L Federal Works utilizes the Economic Injury Disaster Loan(EIDL) Advance and Payroll Protection Program (PPP) to help her through the current uncertainty of the … knowledge she needed to apply for the EIDL Advance and the PPP. Following the training Maher worked with her accountant … -
Universal Purchase Package (UPP) - Accessible version
https://www.sba.gov/document/support-universal-purchase-package-upp-accessible-version… one document to request SBA honor its guaranty on all 7(a) loan types in their portfolio regardless of size and program … Community Advantage SBA form Request to Honor SBA 7(a) Loan Guaranty SBA form 1149 Lender's Transcript of Account SOP 50 57 7(a) Loan Servicing and Liquidation Support Universal Purchase … -
Universal Purchase Package (UPP)
https://www.sba.gov/document/support-universal-purchase-package-upp… one document to request SBA honor its guaranty on all 7(a) loan types in their portfolio regardless of size and program … Community Advantage SBA form Request to Honor SBA 7(a) Loan Guaranty SBA form 1149 Lender's Transcript of Account SOP 50 57 7(a) Loan Servicing and Liquidation Support Universal Purchase … -
SBA Adjusts Size Standards to Expand Lending & Contracting Opportunities
https://www.sba.gov/article/2020/feb/06/sba-adjusts-size-standards-expand-lending-contracting-opportunities… more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was … SBA-guaranteed 7(a) and 504 Certified Development Company loan programs, which were established under the Small … interim alternative size standards for the 7(a) and 504 loan programs will remain in effect until the SBA establishes … -
SBA’s Desktop Loss Verification Process
https://www.sba.gov/document/report-26-05-sbas-desktop-loss-verification-process… to our prior audit no longer exist because SBA changed its loan processing management system and developed new … recommendations when the agency transitioned to its new loan processing platform in 2023. In some cases, SBA weakened … findings into a future audit of SBA’s disaster assistance loan loss verification process. SBA elected not to provide a … -
Financial Therapy in the Time of Need
https://www.sba.gov/success-story/financial-therapy-time-need… by her banker regarding the Paycheck Protection Program (PPP) and she was urged to apply. Premier Physical Therapy was approved for a $98,000 PPP loan which allowed the business to continue providing … -
South Carolina Businessman who Operated Bowling Entertainment Business in Massachusetts Charged with $1.2 Million COVID Relief Fraud
https://www.sba.gov/article/2025/12/10/south-carolina-businessman-who-operated-bowling-entertainment-business-massachusetts-charged-12… more than $1.2 million in Economic Injury and Disaster Loan (EIDL) money that he obtained from the U.S. Small … other entertainment venue in Milford, Mass. To obtain the loan, Breen allegedly entered into a loan agreement with the SBA in which he agreed, among other … -
Deadline Approaching for Private Nonprofit Organizations in the Confederated Tribes of the Colville Reservation
https://www.sba.gov/article/2022/jan/21/deadline-approaching-private-nonprofit-organizations-confederated-tribes-colville-reservation… 21, 2022, deadline to apply for an SBA federal disaster loan for property damage caused by wildfires that occurred … The interest rate is 2 percent with terms up to 30 years. Loan amounts and terms are set by SBA and based on each … -
Protecting the Integrity of the Pandemic Relief Programs
https://www.sba.gov/document/report-protecting-integrity-pandemic-relief-programs… controls within the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan (EIDL), both of which started in 2020 and continued into … include the initiation of SBA pre-approval screening for PPP, tax transcript verification for COVID-EIDL, and Treasury … -
SBA Amends Disaster Declaration for New Mexico Disaster Assistance. Now Available to Private Nonprofit Organizations in Lincoln County
https://www.sba.gov/article/2022/oct/07/sba-amends-disaster-declaration-new-mexico-disaster-assistance-now-available-private-nonprofit -
SBA Amends Disaster Declaration for Texas
https://www.sba.gov/article/2024/08/12/sba-amends-disaster-declaration-texas… accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first … -
LA 14811-23 SBA to Close its Business Recovery Centers in Baton Rouge and Denham Springs
https://www.sba.gov/article/2017/feb/21/la-14811-23-sba-close-its-business-recovery-centers-baton-rouge-denham-springs… to answer all of their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said … Tuesday, Feb. 28 Even though the deadline to apply for a loan for property damage has passed, small businesses, small … May 15, 2017, to apply for an economic injury disaster loan to help meet working capital needs caused by the … -
SBA Opens Business Recovery Center in Greenville, North Carolina
https://www.sba.gov/article/2018/sep/17/sba-opens-business-recovery-center-greenville-north-carolina… representatives and find out how a low-interest disaster loan can help them recover,” said Kem Fleming, director of … capital. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at … on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA …