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Inspection of SBA's Implementation of the Paycheck Protection Program
… implementation, lender participation, guidance provided to lenders and staff, timeliness of loan approval and … and SBA guidance was not sufficient to ensure PPP lenders prioritized underserved markets during the initial … -
SBA Regional Administrator Rob Scott’s Statement on the Paycheck Protection Program’s Second Round of Funding
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Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
… enjoyed broad-based participation across the country from lenders of all sizes and a wide array of industries and … businesses in all 50 states and territories. Nearly 5,000 lenders participated in this critical program, including … Nearly 20% of the amount approved was processed by lenders with less than $1 billion in assets, and … -
CDC Servicing and Liquidation Action Matrix
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Supervision and Enforcement
… oversight fees, receivership provisions for SBA Supervised Lenders and CDCs, and oversight of SBA Lender management of … -
Evaluation Report 16-22: The OIG High Risk 7(a) Loan Review Program Recommends $3.2 Million in Recoveries
… management advisory memorandums that SBA require the lenders to bring the three loans into compliance or seek … agreed with the recommendations and is working with the lenders. In this report, we recommended that SBA evaluate … -
Management Information Memorandum 15-17: The OIG High-Risk 7(a) Loan Review Program
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The U.S. Small Business Administration can Finance your International Sales
… their lender for working capital financing; however, many lenders encounter challenges providing that need because of … Quite simply, SBA will provide a 90% loan guarantee to lenders who extend working capital loans for U.S. small … loan officers who can help you connect with active SBA lenders in your community and help craft an export working … -
Capital Credit Union Presented with SBA Award
… (SBA) North Dakota District Office, as one of the top SBA lenders in North Dakota. Capital Credit Union closed 21 SBA … -
Know the import and export laws and regulations
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Buy an existing business or franchise
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White Paper: Risk Awareness and Lessons Learned from Prior Audits of Economic Stimulus Loans
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New Report Reveals Historic Surge in Small Business Financing Under Biden-Harris Administration
… modernized lending criteria for small loans, welcomed new lenders with expertise on underserved borrowers into the 7(a) program, and made it easier for both lenders and business owners to work with the SBA. The FY24 … Lender Match page to be matched with participating SBA Lenders that can provide funding with competitive rates and … -
Calculate your startup costs
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10-06 - Audit of SBA’s FY 2009 Financial Statements- Management Letter
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Young Entrepreneur Turns Family Toffee Recipe into a Sweet Success
… guarantees small business loans issued by program-approved lenders, giving lenders the confidence to provide qualifying entrepreneurs … on reasonable terms by promising to reimburse those lenders up to 75-85% of a loan's value upon borrower default. … -
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
… with loans of $50,000 or less and thousands of PPP lenders who worked around the clock to process loans … SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly. … -
Flash Report Small Business Administration's Implementation of the Paycheck Protection Program Requirements
… on April 3, 2020, and just 14 days later, by April 16, PPP lenders approved more than 1,661,000 loans totaling nearly … of additional funding on April 27, 2020. As of May 6, PPP lenders approved an additional 2,441,369 loans, totaling … set aside portions of the additional funding for smaller lenders, but there were no other significant differences … -
Celebrating Black History Month: SBA Programs and Resources