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  2. SBA extends fire relief deadline for those thought to be ...

    www.aol.com/sba-extends-fire-relief-deadline...

    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 ...

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

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

    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 ...

  4. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    Disaster Relief Loans are often approved within 21 days. This is an improved approval time than after Hurricane Katrina, over 15 years ago, when the SBA processed applications in about 74 days on average. If a business with a Disaster Relief Loan defaults on the loan and the business is then closed, the SBA will pursue the business owner to ...

  5. 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

  6. 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.

  7. Gov. Abbott: SBA assistance approved for counties ... - AOL

    www.aol.com/gov-abbott-sba-assistance-approved...

    Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

  8. 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 ...

  9. SBA loan denied: What to do next - AOL

    www.aol.com/finance/sba-loan-denied-next...

    According to the SBA weekly summary report, fewer than 60,000 businesses were approved for 7(a) loans in 2023 — and only around 6,000 SBA loans were approved for 504 loans, highlighting how the ...

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