WASHINGTON –The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.…
By Janita R. StewartU.S. Small Business Administration’s Southeast Acting Regional Administrator, serving Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee As we move into March, we continue to celebrate women entrepreneurs in honor of Women’s History Month. This year we are celebrating the small business successes as well as the incredible challenges…
Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s…
Jacksonville, FLA. – The U.S. Small Business Administration (SBA) is proud to announce the appointment of Mr. Jon “Malcolm” Richards as the North Florida District Director. He will oversee the implementation of SBA programs and services across the 43 county North Florida territory. Richards replaces Michael Barrera as the District Director. Richards brings a wealth…
Entrepreneur panel will discuss how to tap SBA’s economic relief programs to help small businesses recover WHAT: SBA Black History Month Online Panel: Recognizing the Resilience, Grit and Tenacity of America’s African American Small Business Heroes The U.S. Small Business Administration will host a live online panel session in celebration of Black History Month for a…
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs WASHINGTON – Today, the U.S. Small Business Administration and lenders are taking more strides to improve the Paycheck Protection Program (PPP) so that small businesses can access much needed PPP funds to persevere through the pandemic, recover, and build back better. The Administration…
Date: Jan. 28, 2021 | NFL21-02 Contact: Nayana.sen@sba.gov | 904-443-1933 lola.kress@sba.gov | 404-330-4737 Jacksonville, Fla. – As part of ongoing transparency of economic aid programs, the U.S. Small Business Administration (SBA) recently released data summarizing Paycheck Protection Program (PPP) loan approvals made through Jan. 24, 2021. The SBA re-opened the PPP Jan. 11 with $284…
Release Date: [January 27, 2021] Release Number: 21-14 Contact: [Tiffani.Clements@sba.gov | www.sba.gov/news Public Comments Due by March 15, 2021 WASHINGTON – The U.S. Small Business Administration published an interim final rule effective January 13, 2021 allowing 8(a) Program participants to elect a one-year program extension in the SBA’s 8(a) Business Development Program due to the challenges…
Release Date: January 26, 2021 Release Number: 21-13 Contact:press_office@sba.gov, www.sba.gov/news WASHINGTON – The U.S. Small Business Administration is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible to access much needed PPP funds. The Biden-Harris Administration is focused on ensuring small businesses receive…
Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion…