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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 …
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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 … -
SBA Announces Plan to Open Supplemental Grants for Shuttered Venue Operators Grant Applicants
https://www.sba.gov/article/2021/aug/11/sba-announces-plan-open-supplemental-grants-shuttered-venue-operators-grant-applicants… for supplemental SVOGs for 50% of the original award amount, capped at a total of $10 million (initial and … equal to 45% of their gross earned revenue up to a maximum amount of $10 million for a single grant. ### About the … -
Air Force Veteran on a mission to revolutionize how art is displayed
https://www.sba.gov/success-story/air-force-veteran-mission-revolutionize-how-art-displayed… larger 7,500 square foot warehouse in 2012 with a SBA 7(a) loan through INTRUST Bank . When his lease contract at the … Currently, wholesale revenues contribute the largest amount to Maida’s bottom line, followed by corporate sales … the market. SBA’s Paycheck Protection Program (PPP) loan helped Maida keep his employees on the payroll. “The SBA … -
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 … -
SBA Administrator Announces New Shuttered Venue Operators Grant Milestone: Supplemental Awards Begin
https://www.sba.gov/article/2021/sep/24/sba-administrator-announces-new-shuttered-venue-operators-grant-milestone-supplemental-awards-begin… added, “To run a venue of this size there is a tremendous amount of overhead. Without the SVOG, we would not know where … SVOG awardees. Applicants can choose to apply for any amount up to 50% of their original SVOG amount, with a $10 million cap of the initial and … -
SBA Awards $5 Million in PRIME Grants to Help Emerging Micro-entrepreneurs Gain Access to Capital
https://www.sba.gov/article/2017/sep/08/sba-awards-5-million-prime-grants-help-emerging-micro-entrepreneurs-gain-access-capital… nonprofit lenders access to the SBA’s 7(a) loan guarantees to help small businesses that have outgrown … – FISCAL YEAR 2017 Grantee Name State Track # Award Amount UNIVERSITY OF ALASKA ANCHORAGE AK 1 $97,774 … -
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 Opens Supplemental Grant Applications for Shuttered Venue Operators Grant Awardees
https://www.sba.gov/article/2021/aug/27/sba-opens-supplemental-grant-applications-shuttered-venue-operators-grant-awardees… Supplemental award applicants can choose to apply for any amount up to 50% of their original SVOG amount, with a $10 million cap of the initial and … equal to 45% of their gross earned revenue up to a maximum amount of $10 million for a single grant. ### About 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.” … -
The Right Way to Think About Credit Lines for Business
https://www.sba.gov/blog/right-way-think-about-credit-lines-business… A line of credit is more like cash on demand for a set amount. You can draw funds up to the credit limit set when … new equipment compared to applying for a business loan. Rule 3: Practice Self-Discipline Stay on top of your … -
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 … -
Report 10-11 - Irregularities Involving Alaska Native Technologies, LLC, 4/29/10
https://www.sba.gov/document/report-10-11-report-10-11-irregularities-involving-alaska-native-technologies-llc-42910… The two parties agreed that if ANT was dissolved with any amount of the [FOIA ex. 4] debt outstanding, ANGS would not … ANT signed a promissory note supporting a [FOIA ex. 6, 7C] loan that Simpson made to ANT. However, ANT's comparative … provided to ANT on one contract. Mr. Simpson's FY 2006 average of 140 hours of consulting services per month on this … -
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 …