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… – Today, Administrator Isabel Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for … more Americans than ever seek to start a business,” said SBA Administrator Guzman . “With new business applications …
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Investing in Women-Led Firms IS Good Business
… tossed into a pool, the right data made public in a room of people who care creates a positive stir. U.S. Small Business Administration The SBA works to ignite change and spark action so small … (NVCA) and the U.S. Small Business Administration (SBA) hosted an event in San Francisco that brought new data … -
New Ownership and Same Strong Company Culture
… a young age. After graduating from the Rhode Island School of Design, she worked as a graphic designer for several … new owner, and Glenn found his “forever” company. How SBA Helped Ingrid had obtained an SBA Paycheck Protection Program (PPP) loan during the … -
Nature’s Own Herb Shop, Inc.
… Nature’s Own Herb Shop, Inc. Ardina Pierre, owner of Nature’s Own Herb Shop in Hapeville, Ga., is a Doctor of … Ardina decided to purchase a business and was assigned an SBA counselor who counseled her on marketing, finance, SBA loans, and other business topics for 15 years. Ardina’s … -
READOUT: The U.S. Small Business Administration Hosts Webinar for Small Business Owners on Economic Aid, Recovery, & Vaccine Month of Action for Pacific Region
… Business Owners on Economic Aid, Recovery, & Vaccine Month of Action for Pacific Region WASHINGTON: On Thursday, June … robust economic recovery for everyone, I want to thank the SBA and PPSI for all they are doing to support small business … joined an in-depth question and answer session with SBA Fresno District Director Dawn Golik , who provided … -
National Preparedness Month: Disasters Happen. Prepare Now. Learn How.
… is more daunting than a disaster. Linda McMahon Former SBA Administrator Linda McMahon served as the 25th Administrator of the U.S. Small Business Administration (SBA) from 2017 to … system—that won’t be covered by a federal disaster declaration. The entrepreneur with a solid disaster … -
The Federal Government Achieves Small Business Procurement Contracting Goal for the 4th Consecutive Year
… to small businesses totaling $99.96 billion, an increase of over $9 billion from the previous year. “I am pleased to … awards to women-owned and small disadvantaged businesses. SBA has worked with federal agencies to expand opportunities … The FY 2016 Small Business Procurement Scorecard that SBA uses to grade agencies in terms of prime contracting and … -
Biden-Harris Administration Sets Record-Breaking $163 Billion in Federal Procurement Opportunities to Small Businesses
… exceeded its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high … research & development, and other vital industries.” SBA plays a crucial role in setting contracting goals for … a detailed explanation of the methodology are available at SBA.gov . Highlights of the overall performance of the … -
Disaster Loans Now Available for Private Non-Profit Organizations in Tennessee
… ATLANTA -The U.S. Small Business Administration (SBA) announced today that certain Private Non-Profit … (PNPs) in Tennessee that do not provide critical services of a governmental nature may be eligible to apply for … 20 percent of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation … -
Working Capital Disaster Loan Deadline April 3 for Illinois Small Businesses Affected by Severe Storms
… with economic losses from the incident should apply. The declaration includes Boone, DuPage, Lee and Sangamon counties and the adjacent counties of Bureau, Cass, Christian, Cook, DeKalb, Kane, Kendall, … 12 months from the date of the initial disbursement. The SBA determines eligibility based on the size of the … -
Deadline Approaching in Maine for Private Nonprofits Organizations to Apply for Physical Damage Loans
… reminding private nonprofit organizations (PNPs) in Maine of the April 1 filing deadline to apply for physical damages … up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation … from future damage caused by any disaster. The SBA also offers Economic Injury Disaster Loans (EIDLs) to … -
National Small Business Week kicks off in Washington, D.C. April 29-30
… 29-30 WASHINGTON – Administrator Linda McMahon , the head of the U.S. Small Business Administration, will be the … for interviews. All events will be livestreamed to www.sba.gov/nsbw . To follow along on social media use … 2301 Constitution Ave., NW, Washington, D.C. 20037 WHO : SBA Administrator Linda McMahon will honor individuals in the … -
Lender Certification for Refinanced Loan
… is same institution debt and there is no interim lender. SBA form 2416 When the loan being refinanced is Same … Third Part Lender (who, in this case, is also the Lender of the debt being refinanced) must execute SBA Form 2416. SBA Loan # SBA Loan Name Borrower(s) … -
Audit of State Trade Expansion Program
… Audit of State Trade Expansion Program Audit of State Trade … of our audit of the Small Business Administration’s (SBA’s) State Trade Expansion Program (STEP) with the … management and effectiveness of STEP. The purpose of SBA’s STEP is to make grants to states to carry out programs … -
The OIG High Risk 7(a) Loan Review Program
… 7(a) Loan Review Program This report presents the results of our ongoing High Risk 7(a) Loan Review Program from March … OIG recommended that the Small Business Administration (SBA) require the lender to bring the loan into compliance … of $917,107, plus interest, on the guaranty paid by SBA. SBA agreed with the recommendation and has contacted … -
Management Information Memorandum 15-17: The OIG High-Risk 7(a) Loan Review Program
… memorandum provides an update on our oversight activities of the High Risk 7(a) Loan Review Program from April 2015 to … We identified potential material lender noncompliance with SBA’s requirements on two of the four … loans reviewed during this period. SBA honored its guaranty on these two loans for approximately … -
Audit Report 14 -20: Controls Governing Economic Injury Disaster Loan Approval Need Improvement
… Loan Approval Need Improvement This report is the second of two reports resulting from our audit of the Economic … Two Economic Injury Disaster Loans Defaulted after the SBA Made Approval Decisions totaling $1.4 Million without … our findings on the Small Business Administration’s (SBA) processing and approval of loans in the EIDL Program. … -
Office of Inspector General High Risk 7(a) Loan Review Program
… Office of Inspector General High Risk 7(a) Loan Review Program This … in accordance with the Small Business Administration’s (SBA’s) rules, regulations, policies, and procedures and (2) … that it originated and closed the loan in accordance with SBA’s requirements. Specifically, the lender did not … -
Office of Inspector General High Risk 7(a) Loan Review Program
… Office of Inspector General High Risk 7(a) Loan Review Program This … in accordance with the Small Business Administration’s (SBA’s) rules, regulations, policies, and procedures and (2) … they originated and closed the loans in accordance with SBA’s requirements. Specifically, the lenders did not provide … -
South Florida Lending Reports
… Florida Lending Reports These are lending reports. Report SBA South Florida Lending FY 2019 (Oct. 1, 2018 - Sept. 30, 2019) SBA South Florida Lending FY 2018 (Oct. 1, 2017 - Sept. 30, 2018) SBA South Florida Lending FY 2017 (Oct. 1, 2016 - Sept 30, …