Search Results for agency_names:"Small Business Administration"

The U.S. Small Business Administration has issued an amendment to the Presidential disaster declaration for the Cheyenne River Sioux Tribe, which was initially declared on November 1, 2024. This amendment extends the deadline to apply for physical damage loans due to severe storms, straight-line winds, and flooding that occurred from July 13 to July 14, 2024. The new deadline to apply for these loans is January 20, 2025, while the deadline for Economic Injury Disaster Loans (EIDL) is August 1, 2025. Further details and applications are available through the MySBA Loan Portal.

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.

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.

The United States Small Business Administration (SBA) has declared that the license issued to Patriot Capital II, L.P. to operate as a small business investment company is now null and void. This decision is based on the authority granted under the Small Business Investment Act of 1958 and the corresponding regulations. The announcement was made by Thomas G. Morris, the Acting Associate Administrator and Director of the Office of SBIC Liquidation within the Office of Investment and Innovation.

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.

The U.S. Small Business Administration has amended the Presidential declaration of a major disaster for the Commonwealth of Kentucky, initially declared on March 4, 2025. This amendment, issued on March 10, 2025, specifies that several counties have been impacted by severe storms, winds, flooding, landslides, and mudslides from February 14, 2025, onwards. Affected counties include Adair, Allen, Bell, and others. The deadlines for physical and economic injury loan applications are May 5, 2025, and December 4, 2025, respectively, and applications can be made through the MySBA Loan Portal.

The U.S. Small Business Administration issued an amendment to the Presidential declaration of a major disaster for Public Assistance Only in Alabama due to Hurricane Zeta. The disaster happened between October 28 and October 29, 2020, and the amendment was issued on January 13, 2021. The amendment includes Calhoun County among the areas affected by the disaster. Those affected have until February 8, 2021, to apply for physical loans and until September 10, 2021, for Economic Injury Disaster Loans.

The U.S. Small Business Administration has issued Amendment 11, updating the Presidential disaster declaration for Georgia due to Hurricane Helene. This amendment extends the deadline for physical damage loan applications to February 7, 2025, while the deadline for economic injury loan applications remains June 30, 2025. The disaster declaration initially covered the period from September 24 to October 30, 2024. Applications for disaster assistance loans can be submitted online through the MySBA Loan Portal.

The Small Business Administration (SBA) is planning to seek approval from the Office of Management and Budget (OMB) to amend the data collection requirements related to the Small Business Investment Company (SBIC) program. According to the Paperwork Reduction Act (PRA), federal agencies must publish a notice and allow for a 60-day public comment period before submitting their information requests to OMB. The SBA is requesting public feedback on whether this information collection is necessary for its functions, and seeks suggestions on reducing the burden and improving information quality. Comments are due by February 21, 2025.

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.