SBA & Government Loan Programs The Small Business Administration (SBA) and other government bodies offer special loan programs for businesses. We’re proud to be designated by the Small Business Administration (SBA) as a preferred lender. For clients who need increased access to capital, we’ll ...
SBA loans are provided by banks and other lenders, including community development organizations and microlenders. However, the federal government guarantees a portion of the loan, lowering lender risk. “The main benefit of these loans is they offer small businesses the opportunity to receive financi...
To apply for the disaster loan, submit a completed SBA loan application, Applicants must submit a personal financial statement and one for each partner, officer, director and stockholder with 20 percent or more ownership. In addition, SBA requires the principals of the business to personally guara...
Small businesses are the beneficiaries of several long-standing government assistance loan programs, most of them originating from theSmall Business Administration (SBA). U.S. Department of Agriculture (USDA) The USDA offers several programs aimed at all sectors of the agricultural community. Programs...
Two Student Loan Repayment Applications Are Opening Next Week—Are They Right for You? By Elizabeth Guevara Dec 07, 2024 Biden’s Parting Gift to Small Business: Bigger SBA Loans and More Federal Contracts By Ben Woolsey Dec 06, 2024
From emergency loan help to debt relief grants and more, small businesses can get the assistance they need to weather the COVID-19 storm. Check with the SBA and your state to find out what programs you qualify for, and submit your application as soon as possible to get the help you need...
The SBA plans to alter their previously circulated ‘Loan Forgiveness Application’ as they continue to work through FAQs and various contradictions that still exist. Expect further clarity in the near future, and you can officially stop working on the outdated application. ...
In Brief: SBA Loan Guarantee Increased to 85%.(Government Activity)(Brief Article)Daigle, Lisa
Some of those businesses are now having to consider potential affiliation issues that they may have initially overlooked in response to inquiries from SBA in its review of their loan forgiveness application. We thought this would be a good time to revisit the basics of SBA’s affiliation rules ...
Banks will then calculate the eligible loan amount using the tax documents submitted with the application. Again, the borrower must affirm that the tax documents are identical to those they submitted to the IRS and that the lender can share the tax information with the SBA’s authorized represent...