Small Business Administration

Bumpy Road to PPP Loan Forgiveness
Business
Bumpy Road to PPP Loan Forgiveness
2021-09-02 14:05:37
by Victoria Turner

WASHINGTON -- Two days after an independent contractor in Illinois received a $20,000 Paycheck Protection Program loan, the Small Business Administration changed a rule governing how a business like his should document the request. Now his loan will not be... Read More

Small Business Advocates Plead for Help Recovering from the Pandemic
Congress
Small Business Advocates Plead for Help Recovering from the Pandemic
2021-07-14 14:31:03
by Tom Ramstack

WASHINGTON -- Members of Congress threw their support Tuesday behind President Joe Biden’s goal of helping small and rural businesses but with different perspectives on how to achieve it. Rep. Jared Golden, D-Maine, suggested that Congress provide a dedicated source... Read More

Guzman Touts SBA’s Progress, but More Capital Still Needed
Business
Guzman Touts SBA's Progress, but More Capital Still Needed
2021-06-01 14:26:07
by Victoria Turner

Recently, Rep. Steve Womack, R-Ark., visited family-owned oil and gas company Pruitt when the small business told the congressman that it would not have survived the pandemic had it not been for the Paycheck Protection Program funding it received. “PPP... Read More

State Attorneys General Try to Soften SBA Crackdown on Business Loans
State News
State Attorneys General Try to Soften SBA Crackdown on Business Loans
2020-10-06 17:39:18
by Tom Ramstack

The attorneys general from 18 states are pushing back against the Small Business Administration for what they describe as an overly zealous crackdown on fraud in the coronavirus relief loans. They are bothered by the SBA's proposed appeal process for... Read More

GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
In The News
GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
2020-06-26 13:57:41
by Dan McCue

WASHINGTON - Confronted with an extraordinary public health crisis, the federal government moved with uncommon agility to bolster the economy and quickly establish services for those infected with the virus, the nonpartisan Government Accountability Office said Thursday. But in doing... Read More

Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
Congress
Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
2020-05-01 15:32:39
by Dan McCue

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan intended to help small businesses and nonprofits after being taken to task by Rep. Joe Cunningham, D-S.C. Cunningham, who is... Read More

Small Business Loan Program Restarts, Runs Into Snags
Economy
Small Business Loan Program Restarts, Runs Into Snags
2020-04-28 12:24:07
by Small Business Loan Program Restarts, Runs Into Snags

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA... Read More

House Freshman Champions Bill to Bolster Cyber Security for Small Business Administration
Cybersecurity
House Freshman Champions Bill to Bolster Cyber Security for Small Business Administration
2019-08-02 20:33:50
by Sean Trambley

WASHINGTON - Earlier this month, freshman Rep. Jason Crow, D-Col., had the pleasure of seeing one of his first pieces of legislation passed unanimously in the House by a voice vote. Crow’s SBA Cyber Awareness Act requires the Small Business... Read More

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