Isabella Casillas Guzman, head of the U.S. Small Business Administration, directed the agency to provide additional deferment of payments for existing COVID Economic Injury Disaster Loan program borrowers for a total of 30 months from inception on all approved EIDL loans. read more

MAR 16, 2022 - 6:29 am

The U.S. Small Business Administration updated its guidance for its COVID-19 Economic Injury Disaster Loan program. According to the updated guidance, applications for EIDL loans will be accepted until Dec. 31.  read more

NOV 22, 2021 - 6:38 am

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on Jan. 19 to all participating PPP lenders. read more

JAN 14, 2021 - 7:16 am

ELFA President and CEO Ralph Petta submitted a letter to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act. read more

MAR 31, 2020 - 6:25 am

With the U.S. Small Business Administration closed for the past two weeks because of the partial government shutdown, SBA loan approvals dropped in December 2018 at banks and other institutions. read more

JAN 11, 2019 - 6:55 am

M&T Bank ranked eighth nationally in providing new U.S. Small Business Administration 7(a) loans during the recently completed 2017 federal fiscal year. read more

OCT 17, 2017 - 6:41 am