Search Results for agency_names:"Small Business Administration"

The U.S. Small Business Administration has issued an administrative disaster declaration for parts of Texas in response to Hurricane Laura, which occurred from August 23 to August 27, 2020. This allows individuals in the affected areas, including Newton, Orange, and Sabine counties, as well as neighboring counties, to apply for disaster loans. Applications for physical damage loans must be submitted by April 9, 2021, while those for economic injury loans have a deadline of November 8, 2021. Loans can be processed through the SBA's Processing and Disbursement Center in Fort Worth, Texas.

The U.S. Small Business Administration issued Amendment 5 to the Presidential major disaster declaration for North Carolina, originally dated September 28, 2024, related to Tropical Storm Helene. This amendment extends the deadline for physical damage loan applications to February 6, 2025. People affected by the storm can apply for disaster loans through the MySBA Loan Portal. The declaration and other details remain unchanged.

The U.S. Small Business Administration has announced a Presidential declaration of a major disaster for parts of Alaska, specifically for public assistance, following severe storms and flooding from October 20-23, 2024. This declaration enables Private Non-Profit organizations offering essential governmental services to apply for disaster loans. Interested parties can submit applications online through the MySBA Loan Portal or at specified locations. The designated affected areas include the Bering Strait Regional Educational Attendance Area and the Northwest Arctic Borough.

The U.S. Small Business Administration has announced an amendment to the Presidential declaration regarding a major disaster in North Carolina caused by Tropical Storm Helene. Originally declared on September 28, 2024, the incident period is now confirmed to have lasted from September 25, 2024, to December 18, 2024. Applications for physical loan assistance are due by January 7, 2025, while the deadline for Economic Injury Disaster Loan applications is June 30, 2025. All other details in the original disaster declaration remain unchanged.

LCM Healthcare Fund I, L.P., located in Dallas, Texas, is a federal licensee under the Small Business Investment Act seeking an exemption from the U.S. Small Business Administration (SBA). The exemption is requested for a proposed equity financing deal with Northwest Surgical Development Company, Inc., which is considered a conflict of interest as it does not meet specific terms and conditions required by SBA regulations. The SBA is asking for public comments on this transaction within fifteen days of the notice's publication. Thomas Morris from the SBA is in charge of this matter.

The U.S. Small Business Administration announced a disaster declaration for a rural area in New York due to severe storms and flooding. The declaration permits businesses and residents in the affected areas to apply for disaster assistance loans online via the MySBA Loan Portal. The incident occurred between August 18 and August 19, 2024, with a deadline for physical loan applications on February 18, 2025, and economic injury loan applications on September 22, 2025. For further assistance, the public can contact the SBA's disaster assistance customer service center.

The U.S. Small Business Administration (SBA) has amended a previous declaration of a major disaster for the State of North Dakota, focusing on Public Assistance only. Initially issued on July 9, 2020, due to flooding between April 1 and April 25, 2020, the amendment now includes Kidder and Wells counties as areas affected by the disaster. The deadline for physical loan applications was September 8, 2020, and applications for Economic Injury Disaster Loans (EIDL) are due by April 9, 2021. All other details in the original declaration remain unchanged.

The interim final rule from the U.S. Small Business Administration (SBA) and the Department of the Treasury outlines updates to the Paycheck Protection Program (PPP) loan forgiveness and review procedures, incorporating changes mandated by the Economic Aid Act. This includes guidelines for forgiving loans from both the first and second draw of PPP loans and addressing necessary documentation and processes for loan forgiveness. Key updates include the extension of the program, new rules regarding nonpayroll costs, and exemptions for certain borrowers. The rule aims to provide immediate relief to small businesses impacted by the COVID-19 pandemic and allows the SBA to continue remitting forgiveness payments promptly.

The U.S. Small Business Administration has announced a presidential declaration of a major disaster for California due to wildfires and straight-line winds. This declaration allows affected individuals and businesses to apply for disaster assistance loans through the MySBA Loan Portal. The physical loan application deadline is March 10, 2025, and the economic injury loan application deadline is October 8, 2025. The disaster primarily impacts Los Angeles, with surrounding counties eligible for economic injury loans only.

The U.S. Small Business Administration has issued a notice amending the Presidential disaster declaration for California due to wildfires and straight-line winds, initially declared on January 8, 2025. This amendment extends the deadline for filing applications for physical damage loans to March 31, 2025, while the deadline for Economic Injury Disaster Loans (EIDL) is set for October 8, 2025. Those affected can apply for disaster assistance loans online via the MySBA Loan Portal. All other details from the original declaration remain unchanged.