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With SBA COVID Relief Programs, Restauranteur and Caterer is Able to Stay in Business and Grow
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SBA Helps Salon Manage Growth and Pandemic Impact
… Chenica applied for an SBA Paycheck Protection Program (PPP) loan. The loan helped save the business and jobs. Also, … by Spectrum News 1 (Charter Cable) regarding the PPP loan and the value to their business. Ricka provided advice for those who did not receive the PPP in 2020, stating “….people who didn't get (PPP funds) in … -
Financial Therapy in the Time of Need
… by her banker regarding the Paycheck Protection Program (PPP) and she was urged to apply. Premier Physical Therapy was approved for a $98,000 PPP loan which allowed the business to continue providing … sought the assistance of SBA services, but thanks to the PPP and the SBA EIDL, the business has been able to remain as … -
U.S. Small Business Administration Releases Report on Anti-Fraud Control Measures in Pandemic Relief Programs
… programs, including the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan Program … fraud.” The new anti-fraud measures deployed in 2021 in PPP and COVID-EIDL, which are explained in detail in the … fraud rates for new relief programs. Taking learnings from PPP and COVID-EIDL, the SBA team achieved dramatically lower … -
Magic City Hoagies
… reached out to her with the Paycheck Protection Program (PPP), she applied for and received a first draw PPP loan. She also applied for and received an EIDL … little bit of help counted,” she said. “I used all of the PPP funds to pay my employees. Since I had to build out an … -
About COVID-19 EIDL
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Paycheck Protection Program Loans and Changes of Ownership
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Essential Business uses Paycheck Protection Program to Bring Back Employees
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Readout from the SBA / Treasury Roundtable Discussion with Minority Depository Institutions
… experiences as lenders in the Paycheck Protection Program (PPP), including their work to serve small businesses in low- … the MDIs for their continued efforts in ensuring that PPP funds reach all communities in need. As of July 24, 2020, 171 MDIs had participated in the PPP, approving over 120,000 loans for more than $10 billion. … -
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
… a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President … easier for businesses to realize full forgiveness of their PPP loan. Click here to view the EZ Forgiveness Application. … -
Morgantown Small Business uses Paycheck Protection Program bring back Employees
… in Morgantown to secure the Paycheck Protection Program (PPP) under the CARES act. “I found the process to get the PPP to be relatively simple, the most difficult part was … received the much needed funds in 7-10 business days.” The PPP has allowed Masters to hire back all of his employees who … -
7(a) Loan Approval for Borrowers with Unresolved COVID-19 Pandemic Loan Compliance Issues
… which included screening for Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) hold … loans, totaling $4.5 billion, where the borrower had a PPP loan or COVID-19 EIDL with an unresolved eligibility or … programs: 7(a), Credit/Capital, Pandemic Oversight, PPP Activity Audit/evaluation Remove download button Off … … -
Protecting the Integrity of the Pandemic Relief Programs
… controls within the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan (EIDL), … include the initiation of SBA pre-approval screening for PPP, tax transcript verification for COVID-EIDL, and Treasury … learned from the mistakes of the 2020 implementation of PPP and COVID-EIDL to design the two major relief programs … -
Helping America’s Entrepreneurs Get Back to Business
… check out these SBA programs: Paycheck Protection Program (PPP) : Available through June 30, the PPP is an SBA-backed loan that helps small businesses and … other essential bills during the COVID-19 outbreak. The PPP Flexibility Act passed this month, has extended the … -
SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program
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READOUT: SBA Administrator Joined Congresswomen Brenda Lawrence, Rashida Tlaib, and Haley Stevens in Detroit to Highlight the SBA’s Efforts to Support ‘Made in America’ Initiatives
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Independent Auditors’ Report on SBA’s Fiscal Year 2023 Compliance with the Payment Integrity Information Act of 2019
… corrective action plans for the disaster assistance loans, PPP loan forgiveness, and PPP loan guaranty purchases programs and activities. … 7(a), Agency Management, CDC/504, Pandemic Oversight, PPP Activity Audit/evaluation Remove download button Off … … -
Local bakery utilizes Paycheck Protection Program to ease payroll burden during COVID-19 pandemic
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SBA helps socially disadvantaged business do business with the federal government
… Program loan from First United Bank & Trust. The PPP loan removed the burden of worrying what the future held … allowed Trilogy to retain all their employees. Trilogy’s PPP loan was fully forgiven in July of 2021. While growing …