Tim Walz and the Small Business Administration announced the SBA would provide low-interest loans of up to $2 million for those businesses that have taken a hit. The hit has been big at Scott's Lawn Care. "No winter has come close to being this scarce," owner Scott Hartmann said. "...
Flexible loan terms:Some SBA loans may also offer lower down payments and flexible overhead requirements. In addition, you can combine SBA loans with other financing options—such asCapital One’s financing options for businesses—to maximize your borrowing potential. Cons of SBA loans Here are so...
For some borrowers, the lender may have been unwilling to provide a loan initially. However, when the government is backing a major portion of the loan, the lender may decide the risk is more acceptable. “The SBA works with lenders to provide loans to small businesses,” reads the SBA ...
SBA is offering low-interest loans to L.A. County businesses, homeowners, renters, and private nonprofit organizations affected by recent wildfires and straight-line winds that began January 7, 2025 These low-interest loans provide financial relief and support to those affected by...
The Small Business Administration acts like a partial guarantee (up to 50%), and that means that SMEs with low credit scores can now access loans on a much lower interest rate. This is a fast, low-requirement credit, and can be lifesaving for a struggling business. Requirements for an ...
There hasn’t been any indication from Trump or Project 2025 to eliminate the SBA’s certification programs for disadvantaged, veteran-owned, and women-owned businesses. However, Project 2025 proposesthe elimination of SBA direct lending, cutting federal funding essential for revitalizing struggling Main...
Why Gen-Z Is Ditching Desk Life for Trade Jobs Newsletters SUBSCRIBE Cash Flow The $350 billion lending program authorized by the latest stimulus package aims to expand the access and availability of loans to struggling small businesses. And the terms are now very different. ...
In aletterrequesting Attorney General William Barr to investigate, the Senators wrote, "The Paycheck Protection Program… was designed by Congress to help struggling small businesses and nonprofit organizations by giving them access to low-cost loans for expenses like keeping their employees on payrol...
businesses and struggling to maintain payroll, the SBA has now released guidance on the Affiliation rules, providing that the standard SBA rules still apply. Therefore, companies will need to scrutinize th...
Loans under the Paycheck Protection Program (PPP) The PPP loan program were created to give small businesses a clear incentive to keep their employees on the payroll. Loan numbers for PPPs are 10 digits long. These loans are made between the borrower and lender, not between the borrower and...