Search Results for agency_names:"Small Business Administration"

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.

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 U.S. Small Business Administration has announced a presidential declaration of a major disaster in Texas due to severe winter storms that began on February 11, 2021. This declaration, issued on February 19, 2021, allows affected individuals and businesses in certain counties to apply for disaster loans. The deadline for physical damage loan applications is April 20, 2021, while the deadline for economic injury loan applications is November 19, 2021. Affected areas include numerous counties within Texas, including those eligible for both physical damage and economic injury loans, and contiguous areas in Texas, Louisiana, and Oklahoma eligible for economic injury loans.

The U.S. Small Business Administration announced a presidential declaration of a major disaster for the state of West Virginia, specifically for public assistance due to severe storms and flooding from February 15 to 18, 2025. Affected counties include Greenbrier, Lincoln, Logan, McDowell, Mercer, Mingo, Monroe, Summers, Wayne, and Wyoming. Private non-profit organizations in these areas can apply for disaster loans online through the MySBA Loan Portal. The deadlines for physical and economic injury loan applications are May 19, 2025, and December 19, 2025, respectively.

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.

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.

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 amended the Presidential declaration of a major disaster for Kentucky, originally declared on February 24, 2025. This disaster was caused by severe storms, straight-line winds, flooding, landslides, and mudslides starting from February 14, 2025. The amendment now includes Floyd County as an area eligible for both physical damage and economic injury loans, while the contiguous counties eligible for economic injury loans remain unchanged. Deadlines for loan applications are April 25, 2025, for physical damage and November 24, 2025, for economic injury.

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 Small Business Administration has issued a notice regarding the Presidential declaration of a major disaster in Missouri, focusing on public assistance due to severe storms, tornadoes, straight-line winds, and flooding. This declaration allows private non-profit organizations providing essential government-like services to apply for disaster loans online. The affected areas include several counties such as Carter, Crawford, and Howell, among others. Physical loan applications are due by March 3, 2025, and economic injury loan applications are due by October 1, 2025.