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A Happy Dog's Tale
… Tale In 2015, Paul and Laura Abbott realized their dream of opening Life of Riley, a high-end doggie daycare and … The Abbotts qualified for two SBA-backed loans and a line of credit, all of which offered favorable terms. Had it not been … -
Glossary of Business Financial Terms
… Glossary of Business Financial Terms This document defines terminology … Adjusted Net Worth Post disaster fair market value of tangible assets, less liabilities, within certain … Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. The … -
About the Office of Inspector General
… About the Office of Inspector General SBA’s Office of Inspector General (OIG) provides auditing, investigative, … Director Telephone: 267-825-4663 Audits Division Credit Programs Group Teresa Gray, Director Telephone: … -
SBA-backed Loans Supported Wisconsin Small Businesses with More Than $658 Million to Start and Grow in FY23
… U.S. in Fiscal Year 2023 (FY23). More than $658.6 million of those dollars helped Badger State small businesses start … January, I’d also like to mention SBA’s extensive network of partners who can advise entrepreneurs as they prepare to … for the most loans to rural small businesses; and Summit Credit Union, for the most 7(a) loans by a credit union and … -
Choosing the Right Business Structure: Three Factors to Consider
… Carbajo SBA Blog Contributor Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business … tax obligations to stay in good legal standing. The type of business structure you choose impacts your personal … -
Surety bonds
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Biden-Harris Administration Expands SBA Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
… Harris and Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice … distribution network and better ensure the opportunities of our nation’s accelerating recovery are accessible to more … abilities for lenders to make revolvers and lines of credit, interest-only periods, and other loan modifications … -
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SBA and the Florida SBDC Network Launch Pilot Initiative to Help Businesses with Appeal Process
… loans. The pilot program will re-examine the applications of businesses that did not meet approval qualifications and were declined for an SBA disaster loan. “Our analysis of business applications showed nearly one hundred businesses … the application could possibly be updated to overcome any credit or lack of repayment ability and be slated for … -
Protect yourself from scams and fraud
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SBDC Helps Gourmet Cookie Company Out of a Sticky Situation and Into a New and Bigger Production Facility
… SBDC Helps Gourmet Cookie Company Out of a Sticky Situation and Into a New and Bigger Production … grew up in the south of Italy. They come from a long line of bakers. Fernanda helped her "Nonna" make her famous … in Vista, California and launched a gluten free cookie line. Over the next 10 years, they created 40 different types … -
U.S. Small Business Administration Implements Rules to Address Persistent Capital Access Gaps
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Website privacy policy
… a webinar. We remind you that if you visit a link outside of SBA.gov, you are subject to the privacy policies of that site. Information collected and stored automatically … There are two types of cookies: A session cookie is a line of text stored temporarily in your web browser’s memory … -
CDC Best Practices Guidance - Internal Control Policies
… issued and revised by SBA from time-to-time. In the event of any conflict between this guide and the 504 Loan Program … Overview A Certified Development Company’s (CDC) Board of Directors is responsible for establishing written internal … for the internal control function (covering financial, credit, credit review, collateral, and administrative … -
Marco Carbajo
… Carbajo SBA Blog Contributor Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle . He is a business credit blogger for … -
5 Tax Rules for Deducting Interest Payments
… interest payments are tax deductible, they reduce the cost of borrowing. But tax rules on deductibility can be … interest payments are tax deductible, they reduce the cost of borrowing. But tax rules on deductibility can be … interest on a variety of borrowing. Examples: • Bank and credit union loans by the business • Vehicles loans • Credit … -
Operate as an intermediary
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Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan … administering the CDC/504 Loan Program, and the Office of Credit Risk Management (OCRM), who oversee the program and … prior year sales because the business was adding a new line of service. In neither case were these projections … -
SBA’s Guaranty Purchases for Paycheck Protection Program Loans
… Purchases for Paycheck Protection Program Loans The Office of Inspector General is issuing this Inspection report to … Paycheck Protection Program loans. Report 24-20 The Office of Inspector General (OIG) is issuing this Inspection report … reported and referred charged-off PPP loans to commercial credit reporting agencies and the U.S. Department of Treasury …