U.S. Small Business Administration Related Content

SBA to Extend Deferment for Payments on COVID EIDL Program Loans

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

US SBA Updates Guidance for COVID-19 EIDL Program

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

SBA Reopening PPP to Small Lenders on Jan. 15, All Lenders on Jan. 19

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

ELFA Advocates for Equipment Finance Companies with SBA

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

Government Shutdown Hurts SBA Lending at Banks in December

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

M&T Ranks 8th Nationally in Small Business Lending

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

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.