Search Results for agency_names:"Small Business Administration"

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Search Results: agency_names:"Small Business Administration"

  • Type:Notice
    Citation:90 FR 10025
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) has announced an Economic Injury Disaster Loan (EIDL) declaration for California after the 2024 Coastal Storm and High Surf Event. This allows affected businesses in Santa Cruz and surrounding counties like Monterey and San Benito to apply for financial assistance. The loans can be applied for via the MySBA Loan Portal until November 13, 2025. Additional assistance information can be obtained from the SBA's Office of Disaster Recovery and Resilience.

    Simple Explanation

    The U.S. Small Business Administration (SBA) is helping people in California who got affected by big storms and strong waves last year. They can get money loans to help their small businesses get back on their feet. People can ask for this help until November 13, 2025.

  • Type:Notice
    Citation:90 FR 11867
    Reading Time:less than a minute

    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.

    Simple Explanation

    The U.S. Small Business Administration is updating how long people have to ask for help after fires and strong winds hit California, giving them more time to apply for certain kinds of help. People can now ask for a type of help until the end of March 2025, while another kind of help can be asked for until October 2025, and they can do this online.

  • Type:Notice
    Citation:86 FR 11819
    Reading Time:about 2 minutes

    The Small Business Administration (SBA) is asking the public to comment on a proposed data collection related to the Women-Owned Small Business Federal Contract Program. Under the Paperwork Reduction Act, they need approval from the Office of Management and Budget (OMB) and are providing an additional 30 days for the public to submit feedback. Comments can address whether the information collection is necessary, if the burden estimates are correct, and how the process could be improved. The SBA aims to update and refine its collection process to include new certification requirements and reporting instructions.

    Simple Explanation

    The Small Business Administration wants to make sure they are asking the right questions when working with women-owned businesses, so they are asking people to give their thoughts. They also want to change some rules to make it easier to do, but they need permission first.

  • Type:Notice
    Citation:86 FR 10388
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) has announced the meeting details for the Interagency Task Force on Veterans Small Business Development (IATF). The meeting is scheduled for March 3, 2021, from 1:00 p.m. to 3:00 p.m. EST and will be held virtually via Microsoft Teams due to the COVID-19 pandemic. This open meeting will discuss the support and development opportunities available for veteran-owned small businesses. Public participation is encouraged, and those interested must RSVP or submit written comments by February 26, 2021.

    Simple Explanation

    The U.S. government is having an online meeting to talk about helping small businesses owned by veterans. People can join the meeting on March 3, 2021, using their computer, and they need to tell the organizers they want to join by February 26, 2021.

  • Type:Notice
    Citation:90 FR 12920
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) has issued a notice regarding an administrative disaster declaration for a rural area in the State of Alaska. This declaration was made due to severe storms and flooding that occurred from October 20 to October 23, 2024. The SBA is offering disaster loans to affected areas, specifically targeting the Northwest Arctic Borough, and applications can be submitted online through their portal. The deadline for physical loan applications is May 12, 2025, and for economic injury loans, it is December 15, 2025.

    Simple Explanation

    The government is helping people in a part of Alaska because of bad weather like floods. They are giving out special loans to help fix things, and people need to apply before certain dates to get the help.

  • Type:Notice
    Citation:90 FR 13394
    Reading Time:about a minute or two

    The U.S. Small Business Administration has issued an amendment to the Presidential declaration of a major disaster for certain areas in Kentucky due to severe weather conditions, including storms, winds, flooding, landslides, and mudslides that started on February 14, 2025. This amendment adds several counties to the list of those considered adversely affected by the disaster. Residents and businesses in these areas can apply for disaster assistance loans online through the SBA's loan portal. The deadlines for loan applications are May 5, 2025, for physical damage and December 4, 2025, for economic injury loans.

    Simple Explanation

    The government is helping parts of Kentucky that got damaged by bad weather, like big storms and floods. People and businesses there can ask for help with special money to fix stuff that got broken.

  • Type:Notice
    Citation:90 FR 716
    Reading Time:less than a minute

    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.

    Simple Explanation

    The government is saying that bad weather in North Carolina lasted longer than they first thought, and people have more time to ask for help with fixing things and money problems because of the storms.

  • Type:Rule
    Citation:86 FR 3712
    Reading Time:about 66 minutes

    The U.S. Small Business Administration (SBA) has issued an interim final rule implementing the Paycheck Protection Program (PPP) Second Draw Loans under section 311 of the Economic Aid Act. This program is designed to provide financial support to small businesses impacted by COVID-19 that already received a first PPP loan. Eligibility criteria include having 300 or fewer employees and experiencing a revenue decline of at least 25% compared to 2019. Second Draw PPP Loans have terms similar to the first draw loans and are eligible for loan forgiveness if conditions are met. Comments are invited until February 16, 2021.

    Simple Explanation

    The U.S. government made a new rule to help small businesses that were hurt by COVID-19. If a small business already got a loan before, they can try to get a second one to help pay their employees, but they need to show they have less money coming in than before.

  • Type:Notice
    Citation:86 FR 11570
    Reading Time:less than a minute

    The United States Small Business Administration (SBA) has announced that the license for Aldine SBIC Fund, L.P. to operate as a small business investment company is now null and void. This action is taken under the authority of the Small Business Investment Act of 1958 and relevant SBA regulations. The official declaration was made by Thomas G. Morris, Acting Associate Administrator and Director of the Office of SBIC Liquidation.

    Simple Explanation

    The Small Business Administration (SBA) has decided that Aldine SBIC Fund, L.P., which helps small businesses get money, can no longer do that job. This decision was made by a person in charge at the SBA, according to the rules.

  • Type:Rule
    Citation:86 FR 10732
    Reading Time:about 3 minutes

    The U.S. Small Business Administration (SBA) is making some technical changes to regulations that were published in October 2020. These regulations combined two programs, the 8(a) Business Development Mentor-Protégé Program and the All Small Mentor-Protégé Program, to reduce confusion and inefficiencies. The corrections address how joint ventures are defined, clarifying which parts of the regulations apply to specific rules like the "ostensible subcontractor rule." These changes took effect on February 23, 2021.

    Simple Explanation

    The U.S. Small Business Administration made some small fixes to rules about two helper programs for small businesses that work together. These changes make it easier to know the rules, like who can be the boss and who can be the helper.