SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
The U.S. Small Business Administration, in consultation with the U.S 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 (CARES […]
Small Business Provisions in Cornavirus Aid, Relief, and Economic Security (CARES) Act Explained
Please click here for a summary explanation of the new Small Business CARES Act Sample PPP Application You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans […]
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. COVID-19 Relief Paycheck Protection Program Economic Injury Disaster Loans SBA Debt Relief SBA Express Loans Guidance for Businesses and Employers SBA […]
SBA 504 Loan Payment Deferments
March 22, 2020 Dear SBA 504 Borrowers: The SBA has authorized loan payment deferment relief for borrowers that have been adversely affected by COVID-19 related economic disruptions. We are authorized to grant up to a 6-month deferment of principal and interest payments for your SBA 504 loan when you can show a need for such relief […]
Small Business Disaster Preparedness
Major counties in Colorado have now been added to the list of eligible locations for businesses that need Disaster Loan Assistance. Please check here: https://disasterloan.sba.gov/ela/ Small Business Guidance Coronavirus-COVID 19: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Some Updates…..
Special Purpose Projects: Please remember that any business (including affiliates) that has an outstanding debenture for a project involving a Limited or Special Purpose Property is required to contribute at least 20% for each subsequent project involving a Limited or Special Purpose Property (SOP 50 10 5 (K), page 270). Special Purpose Property includes car […]
Small Business Saturday
10 Tips for Small Business Saturday Success Small Business Saturday is a way for consumers to usher in the busy holiday shopping season and make an impact in their community by supporting independently owned businesses. https://www.sba.gov/blog/10-tips-small-business-saturday-success
New 25yr Term for the SBA 504 Loan
WHAT ARE THE 25-YEAR TERM 504 LOAN FEATURES?
Start Your 2018 Resolutions for Your Business Now!
New Year New Business Resolutions For the new year, have you thought about starting or growing your business by… … accessing a line of credit or other finance options for your business? … learning more about federal government contracting? … applying to be the 2018 Colorado Small Business Person of the year? Many household names were […]
Small Businesses Encouraged to Comment on SBA Regulations
SBA Administrator Addresses Federal Regulatory Reform WASHINGTON, D.C. – Administrator Linda McMahon, head of the U.S. Small Business Administration, today encouraged small businesses to comment on the Federal Register notice posted earlier this month. The notice is in response to President Trump’s Executive Order 13777 which aims to ease the burdens placed on America’s small […]