Search Results for agency_names:"Small Business Administration"

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.

The Small Business Administration (SBA) is requesting public feedback on its forms used in the Paycheck Protection Program (PPP), particularly Forms 3509 and 3510, which gather information to assess borrowers' declarations of necessity for PPP loans. Comments will assist the SBA in refining these forms and ensuring they are effective and not overly burdensome. Feedback is also sought on the overall necessity, utility, and potential improvements to the information collected. Public comments should be submitted by March 5, 2021, via the provided email address.

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 U.S. Small Business Administration (SBA) has issued a final rule amending regulations for the Historically Underutilized Business Zone (HUBZone) program to make it more efficient and effective. The updates clarify policies concerning HUBZone certifications, size determinations, and certifications for other small business programs, like the 8(a) Business Development (BD) and Women-Owned Small Business (WOSB) programs. Notably, the rule requires HUBZone firms to be eligible at the time of offer for contracts and moves recertification requirements under a unified section. These steps aim to ensure consistent application of rules across various small business programs.

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 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 Small Business Administration (SBA) is asking for approval from the Office of Management and Budget (OMB) to gather certain information from Small Business Investment Companies (SBICs). This is required under the Paperwork Reduction Act. The information helps evaluate the financial health and compliance of SBICs. The public has 30 days to comment on whether this information collection is necessary or burdensome. Interested parties can submit comments and find more details online.

The U.S. Small Business Administration announced an amendment to the Presidential declaration of a major disaster in South Carolina, which was initially made because of Hurricane Helene. This amendment extends the deadline for filing applications for physical damage loans to January 28, 2025. The disaster declaration originally set out by FEMA-4829-DR remains the same otherwise. Those affected can apply for assistance through the MySBA Loan Portal.

The U.S. Small Business Administration (SBA) has issued a notice about an Economic Injury Disaster Loan (EIDL) declaration for Louisiana following a Mass Casualty Incident. This declaration allows businesses affected by the disaster to apply for loans to address economic injuries. The incident period began on January 1, 2025, and the final date to submit loan applications is October 3, 2025. Orleans Parish is the primary area affected, with neighboring parishes Jefferson, Plaquemines, St. Bernard, and St. Tammany also included in the declaration.

The U.S. Small Business Administration has announced a major disaster declaration for certain counties in Oklahoma due to a severe winter storm that occurred from October 26 to October 29, 2020. As a result of this declaration, private non-profit organizations that provide essential services of a governmental nature can apply for disaster loans. The deadline for physical loan applications is February 19, 2021, and for Economic Injury Disaster Loan (EIDL) applications, it is September 21, 2021. This disaster has been assigned the numbers 16826B for physical damage and 168270 for economic injury.