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… they needed. According to Paul, “Our first SBA-backed 7(a) loan helped us secure the location for our Adams Morgan pet … three months to restore power. We used a second SBA-backed loan to cover the hiring and marketing costs to which we’d …

… without resources provided by the SBA, including a 7(a) loan in the midst of the economic downturn.  “It was a bad … crunch,” Graves said.  “Had it not been for the 7(a) loan, I would not have been able to sustain my growth. I … career with another, Graves feels a sense of obligation to pay it forward in return for the assistance he received from …

… payment of self-employment tax. Self-employed individuals pay what amounts to the employer and employee share of FICA … the employer share is deductible. In other words, they pay 15.3% (comprised of 12.5% for Social Security tax and … who have modest earnings may want to voluntarily pay self-employment tax. The reason: This enables such …

… questions, assist business owners complete their disaster loan application, accept documents, and provide updates on an … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to … not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their …

… SBA continues to provide one-on-one assistance to disaster loan applicants at the following location on the days and … private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each …

… more wholesale clients, she turned to WWBIC again for a loan to expand. Impact With the loan, EastView moved to a larger space on the outskirts of … a no-tip policy, she offers more than double the typical pay for coffee cafes, so attracts knowledgeable and …

… efforts in history. Alex received a forgivable PPP loan to help keep her school open and her 75 staff on … know what would have become of the company without the loan.” PPP was a financial lifeline not only for nonprofit …

… questions, assist business owners complete their disaster loan application, accept documents, and provide updates on an … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended to … not paid by insurance or other sources. The SBA disaster loan program is designed to help survivors with their …

… and Swanson about their experiences with the SBA’s loan application process and the impact these resources have …

… and Women’s Business Center. The day they signed the loan papers for a $50,000 microloan, they were awarded a … them pack the boxes to meet the contract terms.  The loan was paid back within six months.  In 2020, they continued to finance growth with an Express loan of $150,000 through Pyramax Bank, and they also received …

… Corporation to secure a Small Business Administration 504 loan. The 504 Loan Program provides long-term, fixed rate financing of up …

… Trilogy was able to secure a Paycheck Protection Program loan from First United Bank & Trust. The PPP loan removed the burden of worrying what the future held … Trilogy to retain all their employees. Trilogy’s PPP loan was fully forgiven in July of 2021. While growing their …

… difficult to access funding due to collateral and minimum loan requirements, especially as an applicant from the … who helped her access the collateral she needed to get a loan. Through a combination of financing, credit cards, and … to access funding through the SBA Economic Injury Disaster Loan program and the Paycheck Protection Program to recover …

… SBA updates on the   COVID-19 Economic Injury Disaster Loan (COVID-19 EIDL). COVID-19 EIDL is a borrower-friendly small business loan program to help small business owners, self-employed gig …   https://www.sba.gov/federal-contracting . COVID EIDL Loan FAQs: COVID EIDL Loans: Frequently Asked Questions, …