SBA: Hurricane Florence Survivors Eligible for SBA Loan Deferments
To further support Hurricane Florence recovery efforts, the U.S. Small Business Administration will offer deferments of up to nine months on SBA-serviced loans held by eligible residents, businesses and private nonprofits. Borrowers located in a North or South Carolina county designated a federal disaster area after Hurricane Florence, with SBA loans in “regular servicing” status…
SBA: $5 Million Awarded in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Thirty-two community-based organizations that provide assistance to underserved entrepreneurs across the United States are set to receive a combined $5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses. This year’s 32 recipients…
FEMA: Ten Additional North Carolina Counties Designated for Individual Assistance from Hurricane Florence
Homeowners, renters and business owners in Bladen, Columbus, Cumberland, Duplin, Harnett, Lenoir, Jones, Robeson, Sampson and Wayne counties may now apply for federal disaster assistance for uninsured and underinsured damages and losses resulting from Hurricane Florence. Beaufort, Brunswick, Carteret, Craven, New Hanover, Onslow, Pamlico and Pender counties were designated for Individual Assistance on Sept. 14,…
SBA: Disaster Assistance Available for Residents of North Carolina Affected by Hurricane Florence
SBA Administrator Linda McMahon issued the following statement after the announcement of the Presidential disaster declaration for several counties in North Carolina affected by Hurricane Florence beginning Sept. 7, 2018 and continuing: “The U.S. Small Business Administration is strongly committed to providing North Carolina residents with the most effective response possible to assist businesses, homeowners…
SBA: Business Recovery Center Opened in Greenville, North Carolina
The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in Greenville, North Carolina on Sept. 18, to help businesses impacted by Hurricane Florence. SBA representatives at the Center can provide information about disaster loans, answer questions and assist businesses in completing the SBA application. The Center is located as…
SBA: Decrease in Surety Bond Guarantee Fees Announced
The U.S. Small Business Administration announces the first fee decrease in Surety Bond Guarantees in 12 years. The fee decrease will be in effect for guaranteed bonds approved during fiscal year 2019, taking effect October 1, 2018 and ending September 30, 2019. The Surety Bond Guarantee (SBG) program is reducing the Surety fee from 26…
SBA: Grants Awarded to 24 State and Local Economic Development Entities, SBTDCs and Universities
The U.S. Small Business Administration (SBA) has granted 24 awards for $125,000 in FY 2018 under the Federal and State Technology (FAST) Partnership Program. Recipients include state and local economic development entities, Small Business Technology Development Centers, Women’s Business Centers, incubators, accelerators, colleges, and universities that provide support to small businesses developing and commercializing high…
SBA: Veterans Small Business Advisory Committees to Host Public Meetings on September 5th and 6th
The U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development (IATF) and Advisory Committee on Veterans Business Affairs (ACVBA) will hold quarterly public meetings on September 5 and 6 respectively at SBA headquarters in Washington, D.C. The IATF meeting will be held Wednesday, September 5, from 1 to 4 p.m. The ACVBA…
SBA: Award Nominations Open for 2019 National Small Business Week Awards
The U.S. Small Business Administration is now accepting nominations for its 2019 National Small Business Week Awards, including the annual Small Business Person of the Year. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy. “This is…
SBA: Celebrating 65 Years of Service to America’s Entrepreneurs
Today, the U.S. Small Business Administration (SBA) marks 65 years of serving as a voice and ally to millions of small businesses. Since its founding on July 30, 1953, SBA has connected small businesses with access to funding, mentoring, counseling, and when disaster strikes, support to recover and get back to business. “The SBA has…