SBA Waives Disaster Loan Interest Rates And No First-Year Payments

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  Breaking news: The US Small Business Administration (SBA) has announced that it will waive disaster loan interest rates and take no first-year loan payments starting now. This is a huge development. This agency move may be due to the … Continued

Received SBA COVID EIDL Hardship Accommodation Plan Blog Testimonial

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This testimonial came out from nowhere. It also signifies why I blog about SBA and small businesses because there are people who need help. Right now the Small Business Administration (SBA) is having a COVID EIDL (economic injury disaster loan) … Continued

SBA Has A COVID EIDL Hardship Accommodation Plan for Borrowers

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  If you are COVID EIDL (economic injury disaster loan) recipient who is falling on hard times, the Small Business Administration (SBA) has created a hardship accommodation plan to help you out if you qualify. The plan lets you reduce … Continued

Received Over 125 SBA EIDL Twitter Video Views

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Friday, May 6, 2022, the SBA announced that all of its COVID EIDL loan funds been exhausted. There was no money available. If you were a SBA COVID EIDL loan borrower you had until May 16, 2022 to download all … Continued

Breaking News: 3 BIG Announcements Regarding SBA COVID EIDL Loans

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The Small Business Administration has just sent me an email that has 3 big announcements regarding COVID Economic Injury Disaster Loans: – The COVID EIDL portal closes May 16, 2022 – All EIDL loan increases must be made by May … Continued

New $10 Billion Money For Federal Small Business Credit Initiative

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The American Rescue Plan of 2021 Has Added $10 Billion In New Funding To This Program     Straight from Inc magazine, the US Treasury department under the America Rescue Plan of 2021 is providing additional $10 billion in incentives … Continued

SBA Increased EIDL Loan Ceiling To $2 Million

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Breaking News: The Small Business Administration (SBA) has increased its economic injury disaster loan (EIDL) loan ceiling from $500K to $2 million citing the Delta variant. This is huge news for small businesses still suffering the adverse effects of the … Continued

Breaking News: SBA Creates PPP Loan Forgiveness Portal

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For Participating Lenders Of Borrowers Under $150,000     July 28, 2021, the Small Business Administration (SBA) announced that it created its own Paycheck Protection Program (PPP) loan forgiveness portal. It will be for participating banks with borrowers under $150,000. … Continued

This Week In CARES Act Funding

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The Paycheck Protection Program (PPP Loan) has been extended and be on the lookout for new Economic Injury Disaster Loan (EIDL) program updates and the opening of the Shuttered Venues Program. I covered some of this in last week’s Carla’s … Continued

Midweek Review: The Stimmy Edition

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The Stimmy Has Arrived Most banks have released the direct deposit stimulus check on March 17th. I have a video on the IRS Get My Payment Tool to check when yours may be coming. The IRS has also extended its … Continued

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