Tag: SBA
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SBA and Treasury Reveal Small Businesses that Received PPP Loans
The U.S. Small Business Administration (SBA) and Treasury Department released detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). The disclosed data covers each of the 4.9 million PPP loans that have been made thus far, and includes business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information,…
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Know the Rules of the Game Ⓡ Podcast: Latest Rules on the SBA EIDL & PPP Loans
Welcome to Know the Rules of the GameⓇ Podcast: Latest Rules on the SBA EIDL & PPP Loans with your host Desirée Patno, CEO & President of Women in the Housing & Real Estate Ecosystem (NAWRB). The CARES Act, which was signed into law by President Trump on March 27, 2020, established the SBA Economic…
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SBA & Treasury Will Increase Transparency of Paycheck Protection Program Loans
On June 19th, 2020, the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury made a joint announcement that they will make additional data public regarding the Paycheck Protection Program (PPP), in agreement with leaders of the U.S. Senate Small Business Committee. In doing so, they will make a concerted effort to…
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SBA Releases EZ Forgiveness Application in Response to PPP Flexibility Act of 2020
In response to the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020, the U.S. Small Business Administration (SBA) posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application. In addition to revising the full forgiveness application, SBA also published a new “EZ version” of the forgiveness application.…
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SBA Reopens Economic Injury Disaster Loan and Advance Program for Small Businesses, Non-profits
The U.S. Small Business Administration (SBA) announced today that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible U.S. small businesses, private non-profit organization or 501(c)(19) veterans organizations, who are experiencing economic impacts due to COVID-19. The EIDL program, established by the CARES Act, offers long-term, low…
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New Law Adds Flexibility to Paycheck Protection Program (PPP)
President Trump has recently signed into law, H.R. 701, the “Paycheck Protection Program Flexibility Act (PPPFA),” which makes the Paycheck Protection Program (PPP) more flexible for PPP loans originated on or after June 5, 2020. The SBA will now forgive loans received through this program if businesses disburse their PPP funds within 24 weeks, and…
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COVID-19 Financial Assistance for Small Businesses, Independent Contractors and the Self-Employed
Over 30 million U.S. small businesses who make up the backbone of our economy, and they have all been affected by the recent global pandemic as many businesses have had to close shop, shorten hours and lay off workers. If you are a small business that has suffered economic injury due to the coronavirus (COVID-19),…
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New Regulations for the SBA’s Women-Owned Small Business Federal Contracting Program
Today, the U.S. Small Business Administration (SBA) published new regulations for its Women-Owned Small Business Federal Contracting program that will provide women-owned small businesses and economically-disadvantaged women-owned small businesses with a free, online certification and eligibility process. The implementation of the new changes has been delayed to July 15, 2020, to accommodate those that are…
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Know the Rules of the GameⓇ Podcast for SBA Economic Injury Disaster Loans and PPP
Tune in on Wednesday, April 8, 2020, at 8 AM PST for Know the Rules of the GameⓇ Podcast for SBA Economic Injury Disaster Loans and PPP with your host Desiree Patno, CEO & President of NAWRB, and special guest Kristy Bain, Lender Relations Specialists at the U.S. Small Business Administration (SBA). Desiree and Kristy…
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SBA – $349 Billion for Guaranteed Loans
The CARES Act grants the SBA to give out a total of $349 billion for guaranteed loans! The U.S. Small Business Administration has updated their application for Economic Injury Disaster Loans. Interested businesses as well as previous applicants are being asked to apply or reapply at the link: https://www.sba.gov/disaster/apply-for-disaster-loan/index.html. Check the $10,000 box to access…