The SBA issued a reminder today for small businesses who were affected by the recent flooding that occurred in Indiana that the deadline to apply for Injury Disaster assistance loans was May 21. “The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations…
As reported in the Evening News & Tribune by Daniel Suddeath, help is here for the recent flood victims in the mid-west. The Federal Emergency Management Agency may have denied Indiana disaster aid, but the SBA will lend a helping hand by, well, lending to flood victims, both business and homeowners. By applying to the…
The program was announced last month and was given the name of ARC for American Recovery Capital loans. You can apply for this short term loan up to $35,000 to established small businesses with cash-flow problems. Borrowers will have five years to repay, and the SBA will pick up the interest payments. Question you will…
No, we aren’t in, or heading to a depression, but the horror stories are beginning to fly. On the radio, I listened to a man with an American Express account since 1972 tell how his credit limit was slashed from $11,000 to $250 without warning. He found out in a form letter. I’ve read about…
While it’s obvious why it is difficult to impossible to get a decent loan from a bank these days, it may not be so clear why even SBA loans are becoming scarce. The short answer is they aren’t. The long answer is: depends on where you look for one. Inc.com asked Christopher Hurn, CEO of…
There’s a recession going on and if you are like many other entrepreneurs, you’re sweating a little. Gas prices are fluctuating wildly. The markets are on a crazy roller-coaster ride. What is a small business owner to do? In Busnessweek.com, Nick Leiber has thoughtfully collected ten resources to give nervous entrepreneurs ideas on how to…
The Gulfport Chamber of Commerce in Mississippi knows that getting money to provide grants does not have to be dull. In June 2008 they sponsored Margaritafest, a party with a purpose. They did more than let their hair down at this luau-filled fest of dancing, food, and fun; they raised funds for the grants that…
If you recently fell victim to a disaster, be certain to check on the deadlines for disaster loan applications for people from your area. The terms and the amount of money you can receive are determined by the SBA based on your individual circumstances, but the deadlines for renters, businesses, and non-profits do not vary….
There are reports that the Small Business Administration’s business loan that was most popular with those seeking financed has fallen 19 percent. The recent economic downturn has had an effect an on the availability of small business loans, but the news is not all bad. Some would-be business owners have had to go to several…
As we prepare to celebrate the day our country declared its independence, this is good time to remind people that the SBA has loans to help U.S. citizens operate their own businesses independently. Last year, the SBA started the Patriot Express program to provide support for veterans. These loans are available to veterans who want…
