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The SBA also recently launched a direct forgiveness portal, which is aimed at small businesses with PPP loans of $150,000 and under. Guzman said they have partnered with over 1,000 lenders on this ...
Jan. 21—The U.S. Small Business Administration has distributed more than $257.3 million in disaster loans for 1,391 applicants who sustained property damage from the Aug. 8 wildfires and high ...
The initiative is only for loans of $150,000 or less, which make up 92% of the PPP loans distributed. The new online portal is reportedly designed to streamline the process both for borrowers and ...
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 ...
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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance ...
Sep. 27—ATLANTA — Georgia survivors of Hurricane Idalia who apply for disaster assistance from FEMA may be referred to the U.S. Small Business Administration (SBA) with information on how to ...
The Small Business Administration is in the process of forgiving potentially millions of loans under the Paycheck Protection Program that were approved to support small businesses during the ...
There are three steps to take if your SBA loan is denied. Even if your SBA loan is denied, you can reapply after 90 days. There are alternative lending options available outside of SBA financing ...