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Readout of SBA Administrator Guzman’s Convening of Small Business Lending Summit
… small business loans through their signature 7(a) and 504 loan programs. These loans have helped promote inclusive … -
Woman-Owned Winery Pushes Through Peak Season with Disaster Relief Assistance from SBA
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Administrator Loeffler Announces SBA Reforms to Put American Citizens First
… days, the SBA will promulgate a new policy requiring SBA loan applications to include a citizenship verification … assistance. In June 2024, the agency approved a $783,000 loan application for a small business that was 49% owned by … the illegal status of the individual and halted the loan from being disbursed – ensuring that $0 was distributed … -
LA 14811-02 SBA to Open Business Recovery Center in Walker to Help Businesses Impacted by Severe Storms and Flooding
… with each business owner to explain how an SBA disaster loan can help finance their recovery. “They will answer questions about SBA’s disaster loan program, explain the application process and help each … at any Disaster Recovery Center in Louisiana. Disaster loan information and application forms are also available … -
Investor’s Shot at Pre-Retirement Hobby is Award-Winning Business
… the Hough Family’s aged whiskeys, thanks to an SBA 504 Loan. The loan, a combination of funds from the Hough Family, Pursuit, … barrel warehouse and an 18th-century tasting room. The 504 Loan Program is an economic development program that supports … -
Cisco's Salsa Company
… of what was potentially coming, Laura took out a merchant loan to provide a cushion should things go south especially … only way people would feel comfortable. Thus, the merchant loan helped the restaurant to expand and cover the outdoor … employees. The Paycheck Protection Program (PPP) 1st draw loan was funded in April 2020 which helped cover day-to-day … -
Tsang’s Tea Empire Anchored by SBA 504
… thousands of years to support immune health. The SBA 504 Loan: Anchoring Multiple Companies Under One Roof With three … fellow business owner recommended looking into the SBA 504 loan program for buying commercial property. Tsang took the … certified development company (CDC) to help facilitate the loan process. That’s when he connected with Ryan Johnson, … -
Husband and Wife Team Print a Success!
… he was laid off from his day job. Brooks still had to pay the rent and needed a way to make money. He realized … a small silkscreen press that generated enough income to pay his rent. He was now hooked on being an entrepreneur. In … Forge,” said Brooks, “who worked with SBA to guarantee the loan.” Brooks did not have many sources of credit at the … -
Coed Sportswear Pivot to New Opportunities with the Help of the NH SBA
… through the process of applying for SBA’s direct disaster loan, the Economic Injury Disaster Loan (EIDL) program and the EIDL Advance Grant. Phil also … was instrumental in the business getting through the EIDL loan process and ultimately getting their proceeds as well as … -
Sisters United in Business
… the nurturing women who came before them, and especially pay homage to their mother, Kitty. Building a family business … due to lack of credit and experience, they were denied the loan. The sisters turned to their family for support and … MJ Culhane and her sisters obtained an SBA-backed 504 loan to purchase a building and open a second Culhane’s Irish … -
Hope is Being Woven Into the Fabric of the Delta: The Story of Vidalia Industrial Facilities
… Department of Agriculture USDA for a Business and Industry Loan Guarantee . These loans encourage commercial enterprise … 50,000 people. This $25 million building and equipment loan with a 60% guaranty was made through Greater Nevada … VIF expects to add another 250 jobs. These jobs will pay an average wage of over $13 per hour. VIF will become the … -
10 Things to Do to Close Out Your Year
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Deadline Approaching in Kentucky for Private Non-Profits Affected by March 2023 Severe Storms to Apply
… The SBA offers federal Economic Injury Disaster Loan (EIDL) to help eligible non-critical PNP organizations … working capital needs such as ongoing operating expenses. Loan amounts can be up to $2 million with an interest rate of … suffered any physical property damage. The SBA sets loan amounts and terms based on each applicant’s financial … -
Celebrating Hispanic entrepreneurs’ growth, resilience
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SBA to Open Business Recovery Center in Sulphur to Help Businesses Impacted by Severe Storms, Straight-line Winds, Tornadoes and Flooding
… needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the … accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first … -
SBA Was There Every Step of the Way for MDS Manufacturing, LLC
… starting a small business. With the help of an SBA 7(a) loan, they purchased three injection molding machines and … needed to scale back to a maintainable pace. An SBA 504 loan helped purchase additional equipment and expand their … Two Paycheck Protection Program loans made sure they could pay their employees through the pandemic. And…MDS is about to … -
SBA Honors 2020 Phoenix Award Champions for Outstanding Disaster Recovery Efforts
… $2 million, Terry immediately applied for an SBA disaster loan. The SBA declined the application because the business … make it difficult for the Bourque’s to repay a $2 million loan comfortably. Terry realized he needed a plan to restart the business while reducing the loan amount required to cover his losses. He disposed of the … -
SBA Announces Its Florida Centers Will Close for MLK Day
… Centers to assist Floridians with applying for a disaster loan for losses from Hurricane Ian from Sept. 23 through Nov. … 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 … -
Office of Veterans Business Development