Search Results for agency_names:"Small Business Administration"

The U.S. Small Business Administration announced a Presidential declaration of a major disaster for the State of Utah due to an earthquake and aftershocks that occurred from March 18 to April 17, 2020. This disaster declaration was issued on December 31, 2020, and it allows Private Non-Profit organizations that provide essential services to apply for disaster loans. The application deadlines are March 1, 2021, for physical loans, and October 1, 2021, for Economic Injury Disaster Loans (EIDL). Affected areas include Salt Lake County.

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.

The Small Business Administration (SBA) is requesting approval from the Office of Management and Budget (OMB) to collect information about the SBA Microloan Program. This program involves surveys and interviews with program participants, such as borrowers and lenders, to evaluate impacts on business growth, revenue, and job creation. The public has until February 11, 2021, to provide comments on the information collection plan. The feedback will help the SBA improve the program and reduce the burden of future data collection.

The U.S. Small Business Administration (SBA) issued a correction to regulations concerning the ownership and control of Veteran-Owned (VO) and Service-Disabled Veteran-Owned (SDVO) Small Business Concerns. Originally published in the Federal Register in 2018, these regulations pertained to the verification of such businesses with the Department of Veterans Affairs. In response to changes in the law, a definition was mistakenly removed, so this document corrects that oversight by adding back the term "Interested Party." This correction ensures that the rules are clear and aligned with the National Defense Authorization Act for Fiscal Year 2017.

The U.S. Small Business Administration has issued a notice regarding an Economic Injury Disaster Loan (EIDL) declaration for Louisiana due to a winter storm in January 2025. Businesses in affected parishes like Ascension and Calcasieu can apply for these loans online through the MySBA Loan Portal. The deadline for applying is November 25, 2025. Parishes in neighboring states Mississippi and Texas are also included in the declaration, allowing them to apply for assistance.

The United States Small Business Administration (SBA) has declared that the license issued to Patriot Capital II, L.P. to operate as a small business investment company is now null and void. This decision is based on the authority granted under the Small Business Investment Act of 1958 and the corresponding regulations. The announcement was made by Thomas G. Morris, the Acting Associate Administrator and Director of the Office of SBIC Liquidation within the Office of Investment and Innovation.

This document is an amendment to the Presidential disaster declaration for North Carolina concerning Tropical Storm Helene. It updates the incident period to cover from September 25, 2024, to December 18, 2024. The amendment allows private non-profit organizations in the state to apply for disaster assistance. Applications for physical loan assistance are due by January 20, 2025, while economic injury loan applications can be submitted until July 2, 2025.

The U.S. Small Business Administration has issued a notice about a disaster declaration for California following the Mountain View Fire, which occurred from November 17 to November 23, 2020. Disaster loans are available for affected individuals and businesses, with applications for physical damage due by March 1, 2021, and for economic injury due by September 30, 2021. The primary affected county is Mono, with several contiguous counties in California and Nevada also affected. Applications for these loans can be submitted to the SBA's Processing and Disbursement Center.

The Small Business Administration (SBA) has nullified the license of Northcreek Mezzanine Fund I, L.P. to operate as a Small Business Investment Company (SBIC). This action was taken in accordance with the authority granted under the Small Business Investment Act of 1958 and specific SBA regulations. The decision was announced by Thomas G. Morris, who is the Acting Associate Administrator and Director of the Office of SBIC Liquidation. This effectively means that Northcreek Mezzanine Fund I, L.P. can no longer function as a licensed SBIC.

The U.S. Small Business Administration announced an amendment extending the application deadlines for disaster assistance loans following Tropical Storm Helene in North Carolina. The amendment updates the Presidential major disaster declaration to allow more time for affected individuals and businesses to apply. The new deadline for physical loan applications is March 8, 2025, and for Economic Injury Disaster Loans (EIDL), it is June 30, 2025. All other information in the initial declaration remains unchanged.