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SBA Form 1502 and Instructions
… 6: Paid-in-Full - loan that has matured or been paid off by the borrower. Report one time as Status Code 6, with … the SBA purchase takes place. (2) Should the Borrower pay off the loan prior to SBA’s purchase, the loan should be … - if an interest payment is reported, the rate of interest charged to the borrower. Example: Note rate = Prime + 2.50% … -
Office of the National Ombudsman
… halting production and forcing the business to lay off and/or cut hours for 200 of its workers for a period of … -
Helping Employees TaxWise Who Work from Home
… an employee nail down a home office deduction, this write-off may be worth little or nothing to the employee. The … -
7 Types of Advertising That Don’t Cost an Arm and a Leg
… sells for $50. You create a Groupon local deal for half off at $25.00. Let’s assume Groupon takes 50% of the … -
Founder of Lender Service Provider Convicted for Role in Multimillion-Dollar PPP Fraud Scheme
… and bank statements. Hockridge and her co-conspirators charged borrowers kickbacks based on a percentage of the … -
How Millennium Press Overcame a Crisis and Near Closure
… shut down. Kelly and Jim continued to work but had to lay off a majority of the workforce; the situation seemed … Today, all of Millennium Press’ SBA loans are paid off in full and PPPs forgiven – except the Economic Injury … Disaster Loan. Additionally, all employees that were laid off, were brought back to work! On Monday, July 25th, 2022 … -
Brian Grossman
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Here’s how to avoid disaster recovery scams
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Maine 2024 Young Entrepreneur of the Year W.E. Farm
… has become clear. At a time when many farms are being sold off to large companies or solar companies, W.E. Family Farms … event planning and hosting weddings at the farm during the off season. She also joined the USDA Pollinator program to … -
‘Season of Small Business’ highlights Small Businesses in Exeter
… District Office joined U.S. Jeanne Shaheen (NH-D) kicking off SBA's ‘Season of Small Business’ in Exeter, New … -
Is Your Company Prepared to Withstand Any Disaster Threat?
… Louisiana points to a hard rule: when your business is cut off from clients, vendors and critical staff, the economic … financial losses that could occur when you’re caught off guard by a crisis. Learn how to build your own disaster … -
4 Marketing Mistakes That Can Get You in Legal Trouble
… your emails, or your email service provider could shut off your campaign. But that’s the least of your worries, … you as much as $16, 000 for each spam email. You can’t get off the hook by using an email marketing service to send out … -
How Customers, Contacts and Caring Can Build a Paragon Force
… early 2000s, Sherri Davis owned a small restaurant just off Crane Naval Station in Bloomfield, Indiana. It was a popular place, so she knew everyone on and off base and what they did for a living . More and more, … -
Are You Ready to Lead Your Company Through a Crisis?
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SBA Administrator to visit San Jose and Oakland as part of National Small Business Week
… spotlight with San Jose Mayor Sam Liccardo , who will kick off the event. Both dignitaries will discuss business trends … Contreras-Sweet San Jose Mayor Sam Liccardo - will kick off event and deliver welcome remarks When: Friday, May 6, … -
Should You Be Looking At New Franchise Opportunities?
… a few pros to buying a new franchise opportunity: First off, if you like the idea of getting in on the ground floor, … your area. That means if the franchise opportunity takes off, you’ll be in a wonderful position to leverage the … -
Memorandum Report 16-07: Loan Management and Accounting System Incremental Improvement Projects Progress
… IIPs and fully migrated all core financial components off the mainframe. We found that the transition to production … Activity Audit/evaluation Remove download button Off … The results of our review of the SBA's Loan Management … -
SVOG Spotlight: Academy of Music Theatre
… were not allowed to stay open for business – having to lay off 9 employees, while reducing time to 2 hours per week for … through necessary layoffs, the Academy continued operating off cash reserves and grant funds. J’Anthony during this … -
Evaluation Report 17-01: Review of SBA’s Executive Transportation Service Contract Expenditures
… took to or from the airport using the car service were charged at a rate that was prohibited by the contract, … Activity Audit/evaluation Remove download button Off … On Wednesday, October 5, 2016, the Office of Inspector …