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Five Factors that Impact Your Business Credit
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Vice President Harris, Administrator Guzman, Representative Chu Highlight Community Advantage Program during Small Business Visit
… the Biden-Harris Administration is providing a pathway for lenders in the pilot program to become SBA 7(a) Lenders with a new license in the Small Business Lending … highlighted that nearly half of all Community Advantage Lenders have applied for a new Community Advantage-SBLC … -
Reach Your Full Financial Capability with Help from the SBA
… loans come in. The SBA works with participating lenders to reduce their risk, increasing the likelihood your … for your business, the SBA makes it easy for you to access lenders via our Lender Match tool. Lender Match is a free … businesses with more than 800 participating SBA-approved lenders. Getting started is as easy as answering a few … -
Understand Your Finances and Grow Your Business
… for conventional financing. SBA works with participating lenders to reduce their risk, increasing the likelihood your … your business, SBA makes it easy for you to connect with lenders via our Lender Match tool. Lender Match is SBA’s … businesses with more than 800 participating SBA-approved lenders. To get started, just answer a few questions about … -
SBA announces Colorado Small Business Week Winners
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The SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review
… round of loans. The SBA is committed to working with lenders and eligible borrowers to provide the necessary … of PPP loans swiftly. The SBA encourages borrowers and lenders to work together as quickly as possible to resolve … an efficient manner by: Hosting a national call to brief lenders on the Platform’s additional detailed information … -
SBA Eliminates Disastrous Biden-Era Underwriting Standards
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3 Ways to Get Working Capital for Your Business
… of the major differences between banks and alternative lenders can be broken down into three main areas; application … and the time it takes to fund. Many alternative lenders have streamlined the application and approval process … available from banks, credit unions and alternative lenders. To apply, banks typically require personal and … -
SBA Montana's Small Business Person of the Year Awards Celebration for SBA Small Business Leaders May 3rd
… of the Year. This year’s awardees include the top SBA lenders in Montana for 2017, along with several other … -
WHAT THEY ARE SAYING: Allies Praise Biden-Harris Administration Expansion of SBA’s Community Advantage Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
… Program is a vital resource that has helped mission-driven lenders provide more capital to underserved entrepreneurs, … the SBA to expand this program will help mission-driven lenders touch even more lives and drive racial equity in … the maximum loan size amount and the number of eligible lenders. While the CA program changes are long-awaited, they … -
Report 16-11: Management Advisory Memorandum
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Serious Concerns Regarding the Return of Paycheck Protection Program Funds
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Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
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SBA Increases Disaster Recovery Lending for Small Businesses through Express Bridge Loan Pilot Program
… With hurricane season upon us, SBA wants to make sure SBA Lenders and small businesses are aware that this Pilot Program is available for SBA Express Lenders to provide immediate loans up to $25,000 with a 50% … delivery available through existing SBA Express Lenders. Small business owners are not required to apply for … -
Commercial Loan Service Center
… loans. 7(a) / Express servicing SBA values its 7(a) lenders in diligently servicing and maximizing recoveries on … may purchas certain types of guaranteed loans as long as lenders comply with SBA requirements and practices. Submit a … -
Joint Statement by Administrator Jovita Carranza and Secretary Steven T. Mnuchin on the Success of the Paycheck Protection Program
… businesses. “Nearly 500,000 of the loans were made by lenders with less than $1 billion in assets and non-banks. These lenders include Community Development Financial Institutions, … one third of the 2.2 million loans—were made by lenders with $10 billion of assets or less. “Since the … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… *National data as of July 27, 2020 “More than 5,400 lenders nationwide stepped up to deliver PPP loans to small … and the self-employed. During the past few months, lenders have worked with us long hours, late nights and … Pacific Northwest Regional Administrator Jeremy Field. “Lenders have told me many stories about tears of joy and … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… *National data as of July 27, 2020 “More than 5,400 lenders nationwide stepped up to deliver PPP loans to small … and the self-employed. During the past few months, lenders have worked with us long hours, late nights and … Pacific Northwest Regional Administrator Jeremy Field. “Lenders have told me many stories about tears of joy and … -
SBA’s Guaranty Purchases for Paycheck Protection Program Loans
… servicing, and debt collection activities to ensure lenders met their responsibilities. SBA can forgive PPP loans … servicing, and debt collection activities to ensure lenders met their required responsibilities. We made seven … credit reporting agencies and Treasury; and to ensure lenders comply with SBA’s requirements for their …