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  2. Small Businesses Can Get Another $500,000 from the SBA - AOL

    www.aol.com/small-businesses-another-500-000...

    Beginning April 6, 2021, the U.S. Small Business Administration (SBA) is expanding its Economic Injury and Disaster Loan (EIDL) program, the organization announced in a press release. Small ...

  3. SBA loan guide: What they are and how to apply - AOL

    www.aol.com/finance/sba-loan-guide-apply...

    SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000

  4. The Impact of Trump's Cost-Cutting Initiative Hinges on What ...

    www.aol.com/news/impact-trumps-cost-cutting...

    Stopping all of those payments therefore "would reduce program costs by between 0.00002 and 0.002 percent." ... (SBA) during the pandemic," which amounted to "about one-sixth of all spending run ...

  5. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...

  6. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...

  7. SBA exhausts funds for new disaster loans, but survivors ...

    www.aol.com/sba-exhausts-funds-disaster-loans...

    SBA loans allow borrowers to avoid predatory bridge loans or using a credit card with high interest rates. Provided Congress makes funds available, SBA can make disaster loans up to $500,000 to ...

  8. SBA ARC Loan Program - Wikipedia

    en.wikipedia.org/wiki/SBA_ARC_Loan_Program

    ARC loans are intended to provide immediate capital to small businesses to make payments (principal and interest) on existing debt and thus allow business owners to sustain and retain jobs. ARC loans are interest-free to the borrower and carry a 100% guarantee from the SBA. Loan proceeds are provided over a six-month period.

  9. FEMA: It's important to file an SBA disaster loan application

    www.aol.com/fema-important-file-sba-disaster...

    Disaster loan information and application forms can also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability ...

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