SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic

WASHINGTON – To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance…

SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program

Release Date: Thursday, May 28, 2020 Release Number: 20-42 Contact: Press_Office@sba.gov, (202) 205-7036 WASHINGTON – Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions…

SBA Loan Forgiveness Guidance – Forbes Magazine | Intuit

The information below has been curated from multiple sources in an effort to consolidate what we feel is the best guidance at the time of this posting. Keep in mind the guidelines, rules and regulations surrounding SBA loan forgiveness are fluid and subject to change at any time. Overall Observations: Your PPP lender will be…

SBA Offers Disaster Assistance to Residents of South Carolina Affected by Severe Storms, Tornadoes and Straight-line Winds

WASHINGTON – SBA Administrator Jovita Carranza issued the following statement after the announcement of the Presidential disaster declaration for several counties in South Carolina affected by severe storms, tornadoes and straight-line winds on April 12-13, 2020. Businesses and residents in the declared area can now apply for low-interest disaster loans from the U.S. Small Business…

Statement by SBA & US Treasury on Paycheck Protection Program and Economic Injury Disaster Loan Program

Release Date: April 15, 2020  Release Number: 20-32 Contact: Press_Office@sba.gov, (202) 205-7036 Follow us on Twitter, Facebook, Blogs & Instagram WASHINGTON – Today, U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza issued the following statement regarding the Paycheck Protection Program and Economic Injury Disaster Loan Program: “The SBA has processed more than…

USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19

(Updated April 1, 2020) WASHINGTON, April 1, 2020 – USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America. Visit http://www.rd.usda.gov/coronavirus for…

SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans

Release Date: Thursday, March 12, 2020 Release Number: 20-24 S. FL Contact: Jennifer.Kelly@sba.gov (202)205-7036 WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation: “The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses…

SBA Economic Injury Disaster Loans Available in South Carolina

ATLANTA – The U.S. Small Business Administration announced today that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in South Carolina as a result of drought beginning on Oct. 15, 2019. The loans are available in the following counties: Abbeville, Anderson,…

SBA Makes Changes to its Surety Bond Program

— A final rule changes the Surety Bond Guarantee Program   WASHINGTON – The U.S. Small Business Administration has noted two important changes to its Surety Bond Guarantee (SBG) Program that will increase contract opportunities for small contractors, supporting them to grow their business operations.  The changes will become effective on September 20, 2017. The…