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SBA Increases Disaster Recovery Lending for Small Businesses through Express Bridge Loan Pilot Program
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Serious Concerns Regarding the Return of Paycheck Protection Program Funds
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Report 16-11: Management Advisory Memorandum
… identified as part of our review. We identified that the lender did not provide sufficient information to support that … origination and closing requirements. Specifically, the lender did not comply with material SBA requirements … to an existing building. We also determined that the lender failed to address and mitigate adverse changes … -
Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
… review of seven early-defaulted loans identified material lender origination and closing deficiencies that justified … transactions as high risk. We also identified material lender underwriting deficiencies (i.e. repayment ability) in … audit, we determined that SBA’s limited reviews of lender underwriting resulted in improper payments. In … -
Joint Statement by Administrator Jovita Carranza and Secretary Steven T. Mnuchin on the Success of the Paycheck Protection Program
… that need this assistance to work with an approved lender to apply. “We are fully committed to ensuring that … -
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
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Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
… the PPP application process this week as connecting with a lender and compiling necessary paperwork can take some time. … -
SBA’s Guaranty Purchases for Paycheck Protection Program Loans
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ROM 10-03 – Notice of Finding and Recommendation on Recovery Act Loans Involving Change of Ownership Transactions
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Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Small Business Committee, United States House of Representatives, April 21, 2010
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5 Simple Questions to Help Determine Your Business Financing Options
… of financing all require personal checks as part of the lender’s credit granting decision. With strong personal … enables you to sell any outstanding invoices to a private lender in return the lender will give you a percentage of the funds due to your … -
Omaha Entrepreneur’s Corporate Career Goes to the Dogs – And She Couldn’t Be Happier
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SBA Strengthens Small Business Community Lending Network
… government guaranty—reducing the borrower’s costs and the lender’s level of risk. SBA has approved two new CA SBLCs, … -
How to Have A Stand Out Business Credit Application
… with any of the business credit reporting agencies then a lender will only have personal credit reports to assess … remember to be professional, prompt and responsive when a lender requests any additional information or documentation. … -
Asset-Based Lending: What is the Upside and Downside?
… if they are unable to secure funding with a traditional lender or bank. It’s important to note with asset-based … if the business fails to make the payments, the lender can take them. In this article we will explore the … secure the loan or line of credit provides security to the lender. Put valuable assets to good use A business that has … -
SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal
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Goodbye 2020, Hello 2021! SBA is Here for Your Small Business in the New Year
… with reasonable rates and terms, contact your local SBA Lender to see if you are eligible for SBA programs. SBA works … work best for you. The guarantee is conditional on the lender following SBA program requirements. Just like with any … other loan, you make your loan payments directly to your lender in accordance with your terms. You can get started … -
Manufacturing success stories
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7(a) Working Capital Pilot (WCP) Program Guide
… for / August 1, 2024 Related programs: 7(a) SOP 50 10 Lender and Development Company Loan Programs SOP 50 56 1 Lender participation requirements SOP 50 57 7(a) Loan …