Search Results for keywords:"Small Business Administration"

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Search Results: keywords:"Small Business Administration"

  • Type:Notice
    Citation:90 FR 12439
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The government is changing how they help parts of Kentucky that had bad weather, like storms and floods, starting on Valentine's Day. They want to make sure people in those places can ask for help with special loans, and they explain how to do it on a website.

  • Type:Notice
    Citation:86 FR 7330
    Reading Time:less than a minute

    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.

    Simple Explanation

    The government is helping people in Alabama who were affected by Hurricane Zeta by letting them apply for special loans to fix their homes or businesses. They have until February 8, 2021, to ask for help fixing their buildings, and until September 10, 2021, to ask for help with money problems caused by the disaster.

  • Type:Notice
    Citation:90 FR 717
    Reading Time:less than a minute

    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.

    Simple Explanation

    The Small Business Administration has updated its rules for people in Georgia who were affected by Hurricane Helene. Now, they have extra time until February 7, 2025, to ask for money to fix their homes or businesses, but they still have until June 30, 2025, to ask for help if their business was hurt by the storm.

  • Type:Notice
    Citation:89 FR 104601
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The Small Business Administration (SBA) wants to change some rules about how they collect information and are asking people to share their thoughts on this. They have to let everyone comment on it for two months to see if they can make it easier or better for everyone involved.

  • Type:Notice
    Citation:86 FR 7331
    Reading Time:less than a minute

    This document is an amendment to a Presidential declaration regarding a major disaster in North Carolina due to Hurricane Isaias, which occurred from July 31 to August 4, 2020. The amendment, issued on January 13, 2021, adds Lenoir County as an area adversely affected by the disaster for Public Assistance. The U.S. Small Business Administration is involved, and relevant loan application deadlines are provided: December 14, 2020, for Physical Loan Applications and July 14, 2021, for Economic Injury Loan Applications. The rest of the original declaration remains unchanged.

    Simple Explanation

    In 2021, the President updated a decision to help North Carolina after a big storm, Hurricane Isaias. They decided to give more help to a place called Lenoir County, and people could ask for special money help from the government by certain dates.

  • Type:Notice
    Citation:89 FR 97155
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued a notice regarding a declaration of a major disaster for public assistance in Puerto Rico, due to Tropical Storm Ernesto. The declaration, dated November 27, 2024, allows Private Non-Profit organizations that provide essential services to apply for disaster loans through the MySBA Loan Portal. The incident period lasted from August 13 to August 16, 2024, and affected multiple municipalities. Loan applications for physical damage must be submitted by January 27, 2025, and for economic injury by August 27, 2025.

    Simple Explanation

    In November 2024, the U.S. said it would help some groups in Puerto Rico after a big storm by giving them money. These groups help people, and they can ask for money until next year.

  • Type:Notice
    Citation:90 FR 12919
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued an amendment to the Presidential disaster declaration for West Virginia, related to severe storms, winds, flooding, landslides, and mudslides which occurred from February 15 to February 18, 2025. The declaration update was released on March 11, 2025, and extends deadlines for disaster assistance applicationsβ€”April 28, 2025, for physical loan applications and November 26, 2025, for economic injury loan applications. Interested individuals can apply for loans through the SBA's MySBA Loan Portal.

    Simple Explanation

    The government is helping people in West Virginia because bad weather caused a lot of damage. They are giving more time for people to ask for help to fix things or keep their businesses going.

  • Type:Rule
    Citation:86 FR 2529
    Reading Time:about 21 minutes

    The U.S. Small Business Administration (SBA) issued an interim final rule allowing certain businesses in the 8(a) Business Development program to extend their participation by one year due to challenges posed by the COVID-19 pandemic. This extension applies to companies in the program on March 13, 2020, as authorized by the Consolidated Appropriations Act, 2021, and the National Defense Authorization Act 2021. Firms that have left the program since March 13, 2020, can also be readmitted if they notify the SBA and confirm they still meet eligibility criteria. The rule is effective immediately, although the public can comment on the rule until March 15, 2021.

    Simple Explanation

    The government is letting some small businesses stay in a special help program for one more year because of COVID-19. Businesses that left the program can come back if they still qualify.

  • Type:Notice
    Citation:90 FR 8420
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued a notice about a disaster declaration for South Carolina due to severe storms and flooding from November 6 to November 14, 2024. Residents in affected areas like Orangeburg and its neighboring counties can apply for disaster loans via the MySBA Loan Portal until specified deadlines. The deadline for physical loan applications is March 24, 2025, and for economic injury loans, it's October 22, 2025. Contact information for further assistance is provided, and applications can also be submitted online.

    Simple Explanation

    In South Carolina, there was a big storm and a lot of rain that caused flooding, and now people can ask for special loans to help fix things and get back to normal. They can apply on a website by March 24, 2025, for money to fix damage, or by October 22, 2025, if they need help because their business is hurt.

  • Type:Notice
    Citation:89 FR 96702
    Reading Time:about a minute or two

    The U.S. Small Business Administration announced a major disaster declaration solely for Public Assistance to help the Commonwealth of Kentucky, following the remnants of Hurricane Helene. This disaster declaration allows private non-profit organizations in affected Kentucky counties to apply for disaster loans online. The declaration was issued on November 26, 2024, covering an incident period from September 27, 2024, to September 30, 2024. Loan application deadlines are set for January 27, 2025, for physical loans, and August 26, 2025, for economic injury loans.

    Simple Explanation

    The president said that communities in Kentucky can get help through loans because a big storm caused damage. People who run charity groups can now apply for these loans to fix things up.