Search Results for keywords:"Small Business Administration"

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Search Results: keywords:"Small Business Administration"

  • Type:Notice
    Citation:90 FR 9100
    Reading Time:less than a minute

    The U.S. Small Business Administration announced an amendment extending the application deadlines for disaster assistance loans following Tropical Storm Helene in North Carolina. The amendment updates the Presidential major disaster declaration to allow more time for affected individuals and businesses to apply. The new deadline for physical loan applications is March 8, 2025, and for Economic Injury Disaster Loans (EIDL), it is June 30, 2025. All other information in the initial declaration remains unchanged.

    Simple Explanation

    The government wants to give people in North Carolina more time to ask for help because a big storm caused damage. Now, they have until March 8, 2025, to ask for help fixing things, and until June 30, 2025, to ask for help with money problems.

  • Type:Notice
    Citation:86 FR 1559
    Reading Time:about a minute or two

    The U.S. Small Business Administration announced a presidential declaration of a major disaster for the State of Mississippi due to Hurricane Zeta. This declaration, effective December 31, 2020, allows certain non-profit organizations that provide essential services like those of a government to apply for disaster loans. The counties affected by the disaster include George, Greene, Hancock, Harrison, Jackson, Perry, Stone, and Wayne. Applications for physical damage must be submitted by March 1, 2021, and those for economic injury by October 1, 2021.

    Simple Explanation

    The President said that because a big storm named Hurricane Zeta caused problems in Mississippi, special help can be given to certain groups to fix things. People in some areas can ask for money to help with damages and must do it by certain dates.

  • Type:Notice
    Citation:86 FR 6404
    Reading Time:about a minute or two

    The U.S. Small Business Administration announced a notice about the Presidential declaration of a major disaster in the State of Georgia due to Tropical Storm Zeta. This declaration, dated January 12, 2021, allows certain non-profit organizations affected by the storm to apply for disaster loans. The physical loan application deadline is March 15, 2021, and the deadline for economic injury loan applications is October 12, 2021. The disaster affects several counties including Banks, Carroll, Cherokee, and others.

    Simple Explanation

    The President said that because a big storm called Tropical Storm Zeta hit Georgia, certain groups can ask for help to fix things and get back to normal. They have some time until March 15, 2021 to ask for this help.

  • Type:Notice
    Citation:90 FR 717
    Reading Time:about a minute or two

    This document is an amendment to the Presidential disaster declaration for North Carolina concerning Tropical Storm Helene. It updates the incident period to cover from September 25, 2024, to December 18, 2024. The amendment allows private non-profit organizations in the state to apply for disaster assistance. Applications for physical loan assistance are due by January 20, 2025, while economic injury loan applications can be submitted until July 2, 2025.

    Simple Explanation

    The President made changes to a special help plan for North Carolina because of a big storm, so certain groups can now ask for money to fix things or to help their businesses. The storm's dates were updated, and it's important to know when to ask for the money, but the rules about who can get it or how they'll decide are not clear.

  • Type:Notice
    Citation:86 FR 1558
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued a notice about a disaster declaration for California following the Mountain View Fire, which occurred from November 17 to November 23, 2020. Disaster loans are available for affected individuals and businesses, with applications for physical damage due by March 1, 2021, and for economic injury due by September 30, 2021. The primary affected county is Mono, with several contiguous counties in California and Nevada also affected. Applications for these loans can be submitted to the SBA's Processing and Disbursement Center.

    Simple Explanation

    The government is helping people and businesses in California who had their things damaged by a big fire in November 2020. They can ask for special loans to fix or rebuild what was damaged, and they need to apply by certain dates to get the help.

  • Type:Notice
    Citation:86 FR 12066
    Reading Time:less than a minute

    The Small Business Administration (SBA) has nullified the license of Northcreek Mezzanine Fund I, L.P. to operate as a Small Business Investment Company (SBIC). This action was taken in accordance with the authority granted under the Small Business Investment Act of 1958 and specific SBA regulations. The decision was announced by Thomas G. Morris, who is the Acting Associate Administrator and Director of the Office of SBIC Liquidation. This effectively means that Northcreek Mezzanine Fund I, L.P. can no longer function as a licensed SBIC.

    Simple Explanation

    The Small Business Administration (SBA) has taken away the permission that Northcreek Mezzanine Fund I, L.P. had to help small businesses with money, so now they can't do that anymore.

  • Type:Notice
    Citation:90 FR 12631
    Reading Time:about 2 minutes

    The Small Business Administration (SBA) is seeking public comments about a proposed information collection, which is under review by the Office of Management and Budget (OMB). This information collection relates to the Restaurant Revitalization Fund (RRF), a program funded by the American Rescue Plan Act of 2021 to aid food service establishments. The SBA is also updating the record retention requirements for this program. Interested parties have until April 17, 2025, to submit their comments.

    Simple Explanation

    The helpers in charge of small businesses want to hear people's thoughts about how they collect information to help restaurants, but they haven't explained everything about the rules or what happens next if the new way isn't approved.

  • Type:Notice
    Citation:90 FR 6041
    Reading Time:less than a minute

    The U.S. Small Business Administration announced an amendment to the President's earlier declaration of a major disaster for the Cheyenne River Sioux Tribe. This amendment extends the deadline for applying for loans to repair physical damage from the disaster, which consisted of severe storms, straight-line winds, and flooding that occurred from July 13 to July 14, 2024. The new deadline for physical loan applications is February 28, 2025, and for economic injury loans is August 1, 2025. Interested individuals can apply for assistance via the MySBA Loan Portal.

    Simple Explanation

    The U.S. government is giving more time to people in the Cheyenne River Sioux Tribe who need money to fix things after big storms and floods last year. They can now ask for help until the end of February 2025 for fixing things and until August 2025 for other money help.

  • Type:Notice
    Citation:90 FR 8732
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) announced an administrative disaster declaration for Mississippi due to severe storms and tornadoes that occurred from December 28-29, 2024. Applications for disaster assistance loans can be submitted online, and the deadline for physical damage loans is March 28, 2025, while the economic injury loans deadline is October 27, 2025. The primary affected counties include Oktibbeha and Wayne, with several contiguous counties in Mississippi and Alabama also affected. For more information or assistance, individuals can contact Alan Escobar at the SBA's Office of Disaster Recovery & Resilience.

    Simple Explanation

    The U.S. Small Business Administration is helping people in Mississippi because of big storms and tornadoes. They are giving loans to fix damage or help businesses, and people can apply until a certain date.

  • Type:Notice
    Citation:86 FR 10614
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has officially canceled the operating license of Bayview Capital Partners II, L.P., which functioned as a small business investment company. This decision was made under the authority of the SBA through the Small Business Investment Act of 1958 and specific regulations. The action means that the company no longer has the license to operate as a small business investment company. Thomas G. Morris, the Acting Associate Administrator, confirmed this cancellation.

    Simple Explanation

    The Small Business Administration (SBA) took back the license from Bayview Capital Partners II, L.P., so they can't help small businesses with special funding anymore. The notice doesn’t say why they did this or what happens next.

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