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The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
… controls related to the Paycheck Protection Program (PPP). The Economic Aid Act continued assistance under the PPP for small businesses financially affected by the ongoing … faith-based organizations receive the applicable PPP loans. We are not making any recommendations regarding the … -
Essential Business uses Paycheck Protection Program to Bring Back Employees
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Readout of SBA Administrator Guzman’s Participation in Events with Congressional Black Caucus Foundation
… Biden-Harris Administration . Since 2020, the number of loans, total loan dollars, and overall share of loans going to Black-owned businesses have all more than … -
Deadline Approaching for Rosebud Sioux Tribe Private Nonprofit Organizations
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Deadline Approaching for Oglala Sioux Tribe Private Nonprofit Organizations
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The U.S. Small Business Administration can Finance your International Sales
… a 90% loan guarantee to lenders who extend working capital loans for U.S. small business exporters, with loans as large as $5 million. EWCP works by allowing the … accounts receivable and export-bound inventory. EWCP loans are typically 12 months, whereupon it can be replaced … -
MONDAY: SBA Administrator Guzman to Visit Las Vegas to meet with Local Leaders and Small Businesses
… Thai Food, a local family business that benefitted from a PPP loan that helped sustain their operations during the … With the help of the SBA, Andrea was able to utilize two PPP loans, an EIDL loan, and skills learned through SBA’s … -
SBA Disaster Assistance Available to Missouri Private Nonprofit Organizations
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SBA Expands Hours at Hillsborough County Business Recovery Center to Assist Floridians Recovering from Hurricane Ian
… eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private … eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Alachua, Bradford, Brevard, Broward, Clay, … -
SBA Expands Disaster Relief for Hawaii
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Audit of SBA’s Desktop Loss Verification Process
… result, SBA disbursed 36,869 of the 73,313, or 50 percent, loans included in our scope, totaling $594,286,878 of $1.4 … of damages, and there was no assurance that disaster loans were only provided to individuals impacted by … -
Homeless Mom Builds a Business and a New Life with SBA Programs
… was financially strong enough to buy the building. Three loans in three years fueled the rapid growth of Mammy’s … Advance grant, as well as a Paycheck Protection Program (PPP) loan. The cash influx helped save the business and … Drew Ballard, “He did everything. I applied for the PPP, and the process went quickly and smoothly.” … -
SBA Offers Disaster Assistance to Small Businesses in Florence County, Wisconsin, for Economic Losses Due to Severe Drought
… 2023, may apply for low-interest Economic Injury Disaster Loans (EIDLs) from the U.S. Small Business Administration, … Guzman announced today. Administrator Guzman made the loans available in response to a letter from Wisconsin … the declared area can now apply for low-interest disaster loans from the SBA. The declaration covers Florence County … -
SBA Relief Still Available to Tennessee Private Nonprofits Affected by May Storms
… 17 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms, … are eligible to apply for Economic Injury Disaster Loans (EIDL) . EIDLs are available for working capital needs … even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts … -
SBA Disaster Assistance Available for Florida Small Businesses Impacted by Coronavirus
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SBA to Open Business Recovery Center in Beaverton to Help Businesses Impacted by Winter Ice Storm
… Recovery Centers to provide information on SBA disaster loans and business assistance on the dates and times … (916) 735-1531 SBA Economic Injury Disaster Loans are available in Benton, Clackamas, Clatsop, Columbia, … of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations … -
SBA Administrator Guzman Lauds President Biden’s Budget for Fiscal Year 2025, Highlights Impact on Small Businesses
… further enable the SBA to address gaps in access to small loans. In addition, increasing the authorized lending level … the SBA can continue administering low-interest disaster loans that provide a financial lifeline for homeowners, … -
Five Factors that Impact Your Business Credit