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You are here: Home / Archives for U.S. Small Business Administration

U.S. House of Representatives Small Business Committee Holds Hearing with SBA Administrator

November 18, 2021 By CollisionWeek Editor

The Automotive Service Association (ASA) reported that the U.S. House of Representatives Small Business Committee held a hearing entitled “A Discussion with Small Business Administration (SBA) Administrator Isabella Casillas Guzman.” During the hearing, committee members discussed a variety of topics with Guzman, ranging from the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans […]

Filed Under: News Tagged With: Automotive Service Association, Paycheck Protection Program, U.S. House of Representatives, U.S. Small Business Administration

Small Business Support Included in Latest Federal Relief Package

March 12, 2021 By CollisionWeek Editor

Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated, “The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide essential services for our everyday lives, hire […]

Filed Under: News Tagged With: Coronavirus, U.S. Small Business Administration

SBA to Prioritize PPP Loans to Employers with 20 or Fewer Employees for Two Weeks

February 23, 2021 By CollisionWeek Editor

The U.S. Small Business Administration announced it is taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation: For businesses with fewer […]

Filed Under: News Tagged With: Paycheck Protection Program, U.S. Small Business Administration

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, All Lenders on Tuesday, January 19

January 14, 2021 By CollisionWeek Editor

Lenders with $1 Billion or less in assets will be able to submit first and second draw PPP applications on Friday – continuing dedicated access for Community-Based Lenders. The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration, U.S. Treasury Department

SBA and Treasury Announce PPP Re-Opening

January 11, 2021 By CollisionWeek Editor

Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration, U.S. Treasury Department

Paycheck Protection Program Extended Through August 8

July 6, 2020 By CollisionWeek Editor

President Trump signs legislation extending the deadline for businesses to apply for a forgivable loan until August 8. Approximately $130 Billion remains in program. Small-business owners now have until August 8 to apply for forgivable loans under the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The Small Business Administration is expected to restart […]

Filed Under: News Tagged With: Paycheck Protection Program, U.S. Small Business Administration

New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

June 17, 2020 By CollisionWeek Editor

SBA and Treasury adds simplified forgiveness form in response to concerns that its original forgiveness application was overly burdensome for small businesses. Today, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, […]

Filed Under: News Tagged With: Paycheck Protection Program, U.S. Small Business Administration

SBA Economic Injury Disaster Loans and Advance Program Reopened

June 16, 2020 By CollisionWeek Editor

EIDL logo

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19.  “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small […]

Filed Under: News Tagged With: Coronavirus, Economic Injury Disaster Loans and Advance Program, U.S. Small Business Administration

Busy Atlantic Hurricane Season Predicted

June 1, 2020 By CollisionWeek Editor

A summary infographic showing hurricane season probability and numbers of named storms predicted from NOAA's 2020 Atlantic Hurricane Season Outlook.

NOAA forecast says multiple climate factors indicate above-normal activity is most likely. An above-normal 2020 Atlantic hurricane season is expected, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. The outlook predicts a 60% chance of an above-normal season, a 30% chance of a near-normal season and only a […]

Filed Under: News Tagged With: Disaster Preparedness, NOAA, U.S. Small Business Administration, Webinar

SBA and Treasury Department Release Paycheck Protection Program Loan Forgiveness Application

May 18, 2020 By CollisionWeek Editor

On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration, U.S. Treasury Department

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