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SBA to Open Virtual Business Recovery Center to Assist Hoopa Valley Tribe Businesses Affected by Severe Winter Storms and Mudslides
https://www.sba.gov/article/2023/06/06/sba-open-virtual-business-recovery-center-assist-hoopa-valley-tribe-businesses-affected-severe… business owners to answer questions about SBA’s disaster loan program, explain the application process and help each person complete their electronic loan application. Virtual Business Recovery Center Monday – … private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each … -
SBA Business Recovery Center in Lee County, Fla., Will Open an Hour Later Beginning Monday, March 6
https://www.sba.gov/article/2023/mar/06/sba-business-recovery-center-lee-county-fla-will-open-hour-later-beginning-monday-march-6… at the center to check the status of their disaster loan application, craft a reconsideration request, upload … mask. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … or Video Relay Services should call 800-621-3362. Disaster loan information and application forms can also be obtained … -
SBA to Open Additional Business Recovery Center in Houston
https://www.sba.gov/article/2024/05/29/sba-open-additional-business-recovery-center-houston… needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the … for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each … accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 … -
Adjusting the Lens
https://www.sba.gov/success-story/adjusting-lens… mogul journey with help from an SBA-backed small business loan and makes it his mission to increase multicultural … In 2007, armed with experience, training and an SBA-backed loan, his media mogul journey began. McCoy was ready – and … 2008 - with the help of a $2 million SBA-backed 7(a) loan - bought seven TV stations. With this purchase, McCoy … -
SBA Extends Physical Damage Deadline for Minnesota Private Non-Profits; Adds Houston and Sibley Counties to Disaster Declaration
https://www.sba.gov/article/2024/08/29/sba-extends-physical-damage-deadline-minnesota-private-non-profits-adds-houston-sibley-counties… terms up to 30 years. Applicants may be eligible for a loan amount increase of up to 20 percent of their physical … or whether the PNP should be referred to SBA for disaster loan assistance. For more information and to apply online … -
From United States Army First Lieutenant to Veterinarian; Small Business Owner
https://www.sba.gov/success-stories/united-states-army-first-lieutenant-veterinarian-small-business-owner… Business Owner SBA-Backed Paycheck Protection Program Loan Keeps Doors Open; Retains Staff BUFFALO, NY – Mary Lee … together a solid business plan and obtain an SBA-backed loan through M&T bank. The process was seamless and stress … would be a great candidate to apply for this type of SBA loan package. To me, the strongest part of her application … -
SBA to Open Additional Business Recovery Center in New Caney
https://www.sba.gov/article/2024/06/11/sba-open-additional-business-recovery-center-new-caney… needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the … for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each … accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 … -
U.S. Small Business Administration and Department of Defense Celebrate Successful First Year for the Small Business Investment Company Critical Technology Initiative
https://www.sba.gov/article/2024/10/22/us-small-business-administration-department-defense-celebrate-successful-first-year-small-business… which established a new SBA government-guaranteed loan, the “Accrual Debenture” for private investment funds. … -
SBA Recovery Centers in Hawaii Remain Open to Help Businesses and Residents Impacted by the Wildfires
https://www.sba.gov/article/2024/08/21/sba-recovery-centers-hawaii-remain-open-help-businesses-residents-impacted-wildfires… for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each … accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 18 months from the date of the first … -
A List of Expenses You’ll Have as a Franchise Owner
https://www.sba.gov/blog/list-expenses-youll-have-franchise-owner… If you’re like most people, you obtained a small business loan for a portion of your upfront costs when you purchased your franchise. That means you’ll have a monthly loan payment to add to your expense structure. The good news is that your loan payment won’t go on forever. As a result, when you’re … -
Grow Your Small Business Through Exporting
https://www.sba.gov/blog/grow-your-small-business-through-exporting -
Veteran & Wife Start Bakery Business in the Lowcountry
https://www.sba.gov/success-stories/veteran-wife-start-bakery-business-lowcountry… said Katherine. Grey Ghost Bakery applied for the two loan programs offered by the U.S. Small Business … funds from the Paycheck Protection Program (PPP) to help pay themselves and their employees, and the Economic Injury Disaster Loan (EIDL) to assist with working capital needs. “Without … -
Inspection of SBA's Initial Disaster Assistance Response to Hurricane Maria
https://www.sba.gov/document/report-18-19-inspection-sbas-initial-disaster-assistance-response-hurricane-maria… times of over 45 minutes or dropped calls. Our review of loan volume and approvals for Hurricane Maria showed that by … be processed. SBA approved 40,246 of the 86,598 processed loan applications, totaling approximately $1.5 billion. Of … SBA’s processing times for Hurricane Maria disaster loan applications with a loan approval, denial, or withdrawal … -
Inspection of SBA's Initial Disaster Assistance Response to Hurricane Irma
https://www.sba.gov/document/report-18-16-inspection-sbas-initial-disaster-assistance-response-hurricane-irma… of December 2017, SBA had accepted 110,464 Hurricane Irma loan applications. Of those, 105,257, or about 95 percent, … be processed. As of the end of December 2017, the combined loan applications remaining to be processed were 29,272 for … SBA’s processing time data for Hurricane Irma disaster loan applications with a loan approval or denial decision as … -
SBA Business Recovery Center in Lee County Closing Permanently Feb. 28
https://www.sba.gov/article/2023/feb/27/sba-business-recovery-center-lee-county-closing-permanently-feb-28… completing reconsideration requests for the SBA Disaster Loan Program. SBA’s Lee County BRCs are operating as … mask. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … or Video Relay Services should call 800-621-3362. Disaster loan information and application forms can also be obtained … -
SBA and Grameen America Partner to Provide Microloans for Entrepreneurs
https://www.sba.gov/article/2016/aug/03/sba-grameen-america-partner-provide-microloans-entrepreneurs… SBA, Grameen America will launch the Business Expansion Loan. Starting at $7,500, this loan product will assist those Grameen America borrowers who … -
Small Business Lending Advisory Council
https://www.sba.gov/priorities/councils-and-committees/small-business-lending-advisory-council… del Comercio y De Las Comunidades Lane Rhodes VP Senior Loan Officer Live Oak Bank Mark Robertson President and CEO … -
SBA Elevates Women-Owned Small Businesses
https://www.sba.gov/blog/sba-elevates-women-owned-small-businesses… women were still required to have a male cosigner on a loan? While women business owners still face some barriers … COVID-19 struck, Superstition Meadery applied for a PPP loan, which helped them cover payroll, rent, and more. Omni … the SBA, Omni employees are on the job and collecting full pay. Diaz Transcription Services (Harrisburg, PA): Jenine … -
3 Ways to Get Working Capital for Your Business
https://www.sba.gov/blog/3-ways-get-working-capital-your-business… your business. How will you use funds? Do you expect to pay it back in a short period of time? If you don’t have the … offering a much easier debt to service compared to a loan. To give yourself extra padding to meet your company’s … With a business credit card, you can decide to either pay off your balance in full each month or make the minimum …