Search Results for keywords:"loan eligibility"

Found 4 results
Skip to main content

Search Results: keywords:"loan eligibility"

  • Type:Notice
    Citation:90 FR 10563
    Reading Time:about a minute or two

    The U.S. Small Business Administration (SBA) has announced an amendment to a previous declaration by the President related to a major disaster in California, specifically for public assistance due to wildfires and straight-line winds. The incident period for these natural disasters is updated to January 7, 2025, through January 31, 2025. Residents and businesses affected by these events can apply for physical damage loans until March 17, 2025, and for economic injury loans until October 15, 2025. More information and loan applications are available on the SBA’s lending website.

    Simple Explanation

    The President made changes to a previous announcement to help California after bad fires and strong winds. People and businesses affected can ask for help fixing damage until March 17, 2025, and for other financial help until October 15, 2025, on the SBA's website.

  • Type:Notice
    Citation:86 FR 1560
    Reading Time:less than a minute

    The U.S. Small Business Administration has issued a second amendment to a previous disaster declaration for the State of California due to civil unrest. This amendment updates the incident period to run from May 26, 2020, through December 28, 2020. People looking to apply for Physical Loan Assistance had until September 16, 2020, but those seeking Economic Injury Disaster Loans (EIDL) can submit applications up to March 17, 2021. All other details from the original declaration remain the same.

    Simple Explanation

    The Small Business Administration said that if people in California were affected by protests and need help for business losses, they can ask for special loans until March 17, 2021. The amendment changes the dates when events affecting businesses happened, but it doesn't say why or how much money they can get.

  • Type:Notice
    Citation:89 FR 104075
    Reading Time:about 2 minutes

    The Department of Agriculture has submitted a request to the Office of Management and Budget (OMB) for approval of an information collection requirement under the Paperwork Reduction Act. This involves using RUS Form 87, which collects data on the officers and officials of borrowing entities in the Rural Utilities Service's Electric and Telecommunications Programs. The information ensures that communications are correctly targeted and that proper officials are responsible for documents, helping to safeguard the government's interests in loan eligibility and administration. Public comments on this proposal are open until January 21, 2025.

    Simple Explanation

    The Department of Agriculture wants to make sure the right people get important documents to keep their loan programs running smoothly, so they need permission to ask certain questions using a form. People can say what they think about this plan until January 21, 2025.

  • Type:Proposed Rule
    Citation:86 FR 5036
    Reading Time:about 24 minutes

    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.

    Simple Explanation

    The U.S. government wants to change some rules so that churches and other religious groups can get the same help as other businesses when they need loans or help after a disaster. This change is to make sure everyone is treated fairly, just like the rules say.