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Stay Safe: Tips to Protect Your Business from Scams Targeting COVID Loan Borrowers
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Be Alert About Email Phishing Scams – Bad Actors Seeking to Take Advantage through “SBA Loan Application”
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Business Equipment Financing & Leasing: 7 Key Tips to Know
… Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a … from the use of the equipment. Tip #2 – Review your credit report /scores and organize your financial information before … are available to you. Tip #4 – Review your business credit report and update any information that is outdated or … -
CDC Bylaws Crosswalk and FAQ on Eliminating Membership
… CDC Bylaws Crosswalk and FAQ on Eliminating Membership Comparison guide of Bylaws … through the CDC’s budget review. §120.830 (a)(4) Report on investment in economic development. Written report on investments in economic development in each State … -
Glossary of Business Financial Terms
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5 Tax Rules for Deducting Interest Payments
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SBA to Kick off Season of Small Business™ with Small Business Saturday®
… , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more … Saturday, an annual event founded by American Express and celebrating its 15th anniversary in 2024. The event takes … following Thanksgiving, which falls on Nov. 30 this year, and will be the kickoff of SBA’s 2nd annual holiday campaign, … -
Draft TechNote 7b
… (a) clarify SBA’s interpretation of existing regulations and policies relating to management expenses and fees, (b) conform with SBA’s current practices with … or in other unusual instances such as allegations of fraud, SBA reserves the right to request that the SBIC … -
7 Tax Strategies to Consider When Selling a Business
… Barbara Weltman is an attorney, author, publisher, host, and trusted advocate for small businesses and entrepreneurs. Follow her on Twitter: @BigIdeas4SB or at … Gain on the sale of a C corporation requires the owner to report an additional 3.8% Medicare tax on this net investment … -
SBA Announces Updated Guidance Regarding Deadline for Targeted EIDL Advance Program Reevaluations
… the Targeted EIDL Advance program , received a decline, and are interested in applying for reevaluation. … www.sba.gov/local-assistance . Application Process and Fraud Control Enhancements In addition to the policy … that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA … -
SBA Announces $3.4 Million for Small Business Startups
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20 Things You Can Sell Online that You Might Not Have Thought Of
… Trends, a daily publication about small business issues, and BizSugar.com, a small business social media site. Read … a couple of the options out there for selling products and services online. From virtual services to physical … professional research, compile your findings into a report and then offer it as a downloadable ebook or guide. … -
CDC Bylaw Summary Guide Overview
… significant changes in the regulations governing the 504 and 7a loan programs. One area significantly affected is the … Lender.) Financial - monitor portfolio, review semiannual report on portfolio performance and ensuring adequate … copies of the certification must be included in the Annual Report to SBA. Insurance Requirement – The Board of Directors … -
Testimony of Inspector General Hannibal "Mike" Ware before the House Committee on Small Business, Subcommittee on Investigations, Oversight and Regulations
… Small Business, Subcommittee on Investigations, Oversight and Regulations On October 1, 2020, Inspector General … of Representatives. The hearing was titled "Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of … -
SBA and FDIC Updates Money Smart for Small Business Credit and Banking Modules
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SBA’s COVID-19 EIDL Program Data Migration Challenges
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Ending Active Collections on Delinquent COVID-19 Economic Injury Disaster Loans
… (EIDL) with an outstanding balance of $100,000 or less. Report 23-16 The Small Business Administration's (SBA) Office … false, or misrepresented claims, because SBA OIG and other oversight agencies are continuing to work on identifying COVID-19 EIDL fraud that may not have been identified by the agency. It is … -
Hala Nsouli
… of a comprehensive digital roadmap to prevent and detect fraud within SBA’s programs and operations, which … oversight of SBA pandemic assistance programs, to include fraud detection and investigation. Dr. Nsouli has over 18 … -
SBA’s Handling of Returned COVID-19 Economic Injury Disaster Loan Funds and De-Obligations of Approved Loans
… of Returned COVID-19 Economic Injury Disaster Loan Funds and De-Obligations of Approved Loans SBA OIG is issuing this … to the agency by borrowers, banks, or other sources. Report 24-15 The Office of Inspector General (OIG) is issuing … applicant information or other reasons, including fraud indicators that had not yet been resolved. The returned …