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… vital to U.S. national security and the potential of the SBA’s Small Business Investment Company (SBIC) program to … barriers to access. “By partnering with DoD and leveraging SBA’s long-standing public-private investment partnerships … Guzman said. “The AM Forward Initiative, the SBA’s SBIC program, and the establishment of DoD’s Office of …
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Deadline Approaching in Tennessee for Private Nonprofits Organizations to Apply for Physical Damage Loans
… 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 … organization suffered any physical property damage. The SBA sets loan amounts and terms based on each applicant’s … -
Investing in Women-Led Firms IS Good Business
… 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 … of the Office of Investment and Innovation and I joined SBA Administrator Maria Contreras-Sweet at the event that was … -
New Ownership and Same Strong Company Culture
… new owner, and Glenn found his “forever” company. How SBA Helped Ingrid had obtained an SBA Paycheck Protection Program (PPP) loan during the pandemic, attended SBA training events over the years and knew most of the … -
READOUT: The U.S. Small Business Administration Hosts Webinar for Small Business Owners on Economic Aid, Recovery, & Vaccine Month of Action for Pacific Region
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Nature’s Own Herb Shop, Inc.
… 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 SBA counselor also helped her graduate from the first … -
Recovery for the Smallest Restaurants and Bars: Administrator Guzman Announces Latest Application Data Results for the Restaurant Revitalization Fund
… announcement of the rapid deployment of RRF funding as the SBA continues to quickly distribute relief to approved … 3, 2021. “Through the Restaurant Revitalization Fund, SBA is helping thousands of restaurants and other food and … that included 600 local and national informational events, SBA has received: 13,114 applications from businesses with … -
The Federal Government Achieves Small Business Procurement Contracting Goal for the 4th Consecutive Year
… 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 … Underutilized Business Zones (HUBZones). Every year, the SBA works with each agency to set their prime and … -
8(a) Program and Patience Pays Off for This Contracting Company
… business. The early years were lean, but Miguel looked to SBA and its resources to help grow his company. Miguel’s … developing strong business partnerships. He met current SBA Kentucky District Director Robert Coffey, who at the time … informed him about the opportunities available with the SBA 8(a) Business Development Program. 8(a) is a nine-year … -
CDC Bylaw Summary Guide Overview
… for CDC Bylaws. Support On March 21, 2014 2014 SBA published significant changes in the regulations … A CDC may at its option choose to have a membership. SBA will no longer monitor CDC membership; however if a CDC … formed in any manner permitted by state law. Board size- SBA requires 9 and recommends no more than 25. 120.823 (c) … -
THURSDAY & FRIDAY: Biden Cabinet Member in Hawaii to Mark Six-Month Anniversary of Maui Wildfires
… Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for … meet with local business leaders and owners to discuss the SBA’s role in Maui’s economic recovery. She will also join … who lost their homes in the fire and discuss how the SBA helps homeowners and renters in the wake of disaster. … -
National Small Business Week kicks off in Washington, D.C. April 29-30
… 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 … 2301 Constitution Ave., NW, Washington, D.C. 20037 WHO : SBA Administrator Linda McMahon will award the National Small … -
Supplemental Information for Premier Certified Lender Program (PCLP) Processing
… SOP 50 10 5(J), which became effective January 1, 2018. SBA form 2234 (Part B) OMB Number 3245-0346 The PCLP Certified Development Company (CDC) completes this form as part of the application package for Section 504 Loan … -
PPP Loan Necessity Questionnaire (Non-profit borrowers)
… Loan Necessity Questionnaire (Non-profit borrowers) SBA form 3510 OMB Number 3245-0407 Updated 12-31-20 with new … of supplemental information that will be used by SBA loan reviewers to evaluate the good-faith certification … -
Audit of State Trade Expansion Program
… 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 … and Trade Enforcement Act of 2015. We found that while SBA has made significant progress in improving the overall … -
The OIG High Risk 7(a) Loan Review Program
… 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 the … -
Management Information Memorandum 15-17: The OIG High-Risk 7(a) Loan Review Program
… 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 … $2.9 million and we intend to present our findings to SBA management in a future report for appropriate action. … -
Audit Report 14 -20: Controls Governing Economic Injury Disaster Loan Approval Need Improvement
… 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. Our audit objective was to determine whether the SBA had sufficient controls to ensure working capital loans … -
Office of Inspector General High Risk 7(a) Loan Review Program
… 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 … As a result, the lenders’ material noncompliance with SBA requirements while originating and closing the loans … -
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, …