Tag: SmallBusinesses
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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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House Passes Bill to Extend Paycheck Protection Program Until August 8th
The House has unanimously passed a bill that will extend the Paycheck Protection Program (PPP) until August 8th, which was originally set to end on June 30th. The bill now awaits President Trump’s signature to officially extend the federal government program that provides forgivable loans to small businesses economically impacted by the COVID-19 crisis.
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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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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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Congress Reaches Deal on $480 Billion Coronavirus Relief Package for Small Businesses, Hospitals and Testing
U.S. Congress reached a deal on a roughly $480 billion coronavirus relief funding package to continue helping small business and hospitals, and expand COVID-19 testing. This new funding package comes after the initial funds set aside for the U.S. Small Business Administration (SBA) Paycheck Protection Program and Economic Injury Disaster Loan (EIDL) were exhausted in…
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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 Defers Existing Disaster Loans Until End of 2020
U.S. Small Business Administration Administrator Jovita Carranza announced that the SBA will be granting automatic disaster loan deferments through December 31, 2020, to help borrowers who are still paying back SBA loans from previous disasters. Because the change is automatic, borrowers of home and business disaster loans do not have to contact the agency to…
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WHER Chat: Gain Funding Opportunities through Diversity Certification
A diversity certification is a denotation awarded to businesses that are at least 51 percent owned by a disadvantaged groups of the population, such women, minorities, veterans and people with disabilities. A women-owned business, for instance, must be 51 percent owned, managed and operated by women. In addition to government contracting, diversity classification can open…
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2019 National Small Business Week: May 5th-11th
National Small Business Week is taking place May 5th-11th, 2019! Observed beginning in 1963 by the Small Business Administration (SBA), this is a week dedicated to recognizing the important contributions of America’s entrepreneurs and small business owners.
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SBA Announces the Nation’s Top Small Business Persons
Administrator of the U.S. Small Business Administration, Linda McMahon, announced the winners of the 2019 Small Business Persons of the Year awards, recognizing innovative entrepreneurs contributing to their local economy and community from all fifty states, the District of Columbia, Puerto Rico and Guam.