Search Results for agency_names:"Small Business Administration"

The U.S. Small Business Administration has declared a disaster in the State of New York due to a Five Alarm Apartment Building Fire, effective from March 13, 2025. Residents of affected counties, including the Bronx and its surrounding areas, can apply for disaster loans via the MySBA Loan Portal. The deadline to apply for physical damage loans is May 12, 2025, and for economic injury loans, it is December 15, 2025. For additional information or assistance, individuals can contact the Office of Disaster Recovery & Resilience at the SBA.

The United States Small Business Administration (SBA) has declared the licenses of Plexus Fund III, L.P. and Plexus Fund QP III, L.P. to operate as small business investment companies to be null and void. This decision was made under the authority of the Small Business Investment Act of 1958 and relevant federal regulations. Thomas Morris, the Director of Patient Capital Investments, is the official who announced this action on behalf of the SBA.

The Small Business Administration (SBA) has announced changes to its Risk Rating System, an internal tool used to evaluate the risk of its loan operations and portfolios of 7(a) Lenders and Certified Development Companies. These updates involve improving the model that determines the loan risk ratings and updating the Lender Portal to ensure it reflects current data and economic conditions. The changes aim to enhance prediction accuracy and transparency while allowing the SBA to efficiently manage lender oversight and performance assessment. The public is invited to comment on these updates.

The U.S. Small Business Administration (SBA) is proposing to remove five regulatory provisions that prevent certain faith-based organizations from accessing SBA business loan and disaster assistance programs due to their religious status. These provisions conflict with the Free Exercise Clause of the First Amendment, as interpreted by recent Supreme Court decisions, which protect religious organizations from discriminatory exclusions. The SBA plans to amend these regulations to ensure faith-based organizations receive equal treatment under its programs, aligning with constitutional requirements and promoting religious liberty. Public comments on this proposal are open until February 18, 2021.

The U.S. Small Business Administration has announced a major disaster declaration by the President for Public Assistance Only in Kentucky. This applies to severe storms, straight-line winds, flooding, landslides, and mudslides starting from February 14, 2025, and continuing. Non-profit organizations providing essential services can apply for disaster loans online until May 5, 2025, for physical damage, and December 4, 2025, for economic injury. The affected counties include Ballard, Barren, Butler, Green, Hart, Marshall, Metcalfe, Rockcastle, Spencer, and Wayne.

The U.S. Small Business Administration has issued a notice about a major disaster declaration for public assistance in Utah, authorized by the President on January 12, 2021. This declaration relates to damages caused by straight-line winds from September 7 to September 8, 2020. Non-profit organizations in counties like Davis, Morgan, Salt Lake, and Weber, which provide essential governmental services, may apply for disaster loans. The deadlines for loan applications are March 15, 2021, for physical damage and October 12, 2021, for economic injury.

The U.S. Small Business Administration (SBA) announced a disaster declaration for rural areas in Pennsylvania due to Tropical Storm Debby, which occurred from August 8 to August 10, 2024. Residents and businesses in the affected counties, Clearfield and Indiana, can apply for disaster loans through February 11, 2025, for physical damages and until September 15, 2025, for economic injuries. Applications can be submitted online via the MySBA Loan Portal. For more assistance, contact the SBA's disaster assistance customer service center.

The U.S. Small Business Administration has issued an amendment to a previous declaration by the President regarding a major disaster in Kentucky due to severe storms, winds, flooding, landslides, and mudslides. This amendment updates the incident period to start from February 24, 2025, and end on March 7, 2025. The announcement includes key deadlines for loan applications: May 5, 2025, for physical loan applications and December 4, 2025, for economic injury loan applications. The amendment does not change any other information from the original declaration.

The U.S. Small Business Administration has issued a notice declaring a disaster for the State of Florida due to Tropical Storm Eta, which occurred from November 9 to November 12, 2020. This declaration was made on January 28, 2021, allowing businesses affected by the storm in primary and contiguous counties to apply for disaster loans. The deadline for physical loan applications is March 29, 2021, and for economic injury disaster loans (EIDL), it is October 28, 2021. Disaster loan applications can be submitted to the SBA Processing and Disbursement Center in Fort Worth, Texas.

The U.S. Small Business Administration has issued a notice about a disaster declaration for Texas due to severe storms, tornadoes, and straight-line winds that occurred on December 28, 2024. Residents and businesses in affected areas, including Brazoria and Montgomery counties, can apply for disaster loans through the MySBA Loan Portal. The deadline for physical loan applications is March 17, 2025, while the deadline for Economic Injury Disaster Loan (EIDL) applications is October 16, 2025. More information can be obtained by contacting the Office of Disaster Recovery & Resilience.