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16 Apr 2020, 6:00 am
Restaurants are fighting back (CNBC by Amelia Lucas)Wells Fargo, JPMorgan Among Banks Sued Over SBA Virus Loan Aid (Bloomberg by David McLaughlin and Mark Niquette)Manhattan U.S. [read post]
15 Apr 2020, 11:20 am by Colleen McDonald
For SBA Pool Certificates (7(a) loans), the interest rate will be the top of the federal funds target range plus 75 basis points. [read post]
13 Apr 2020, 6:30 am by Cassandra Rice
By Cassandra Rice Since the passage of the Coronavirus Aid, Relief and Economic Security CARES Act, the Small Business Administration (SBA) and the U.S. [read post]
13 Apr 2020, 6:30 am by Jack Meadows
§ 121.105(a)(1) provides that “a business concern eligible for assistance from SBA as a small business is a business entity organized for profit, with a place of business located in the United States, and which operates primarily within the United States or which makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor. [read post]
10 Apr 2020, 10:59 am by Shannon O'Hare
The CARES Act is the largest economic relief law passed in U.S. history and approves approximately $2.2 trillion to mitigate the effects of the COVID-19 pandemic on individuals and businesses. [read post]
9 Apr 2020, 2:53 pm by Matthew Moriarty
The SBA says on its website that in order to be eligible for a 7(a) loan a business must be “engaged in, or propose to do business in, the U.S. or its territories[.] [read post]
8 Apr 2020, 3:00 am by John Jenkins
’ The SBA has not provided any definition or color about the nature or extent of the required impact to operations that would make the loan request ‘necessary to support ongoing operations,’ which has both applicants and lenders skittish about making or accepting the certifications. [read post]
7 Apr 2020, 7:45 am by Wiggam & Geer
Any small business owner can apply through and SBA-approved back for no charge. [read post]
7 Apr 2020, 7:09 am by RCoffield@fsblaw.com
Prepared and updated by Bob Coffield, Flaherty Sensabaugh Bonasso PLLCLAST UPDATED: 4/7/2020We all are working to adapt to the volatile and fluid nature of the changes brought on by the COVID-19 pandemic. [read post]
7 Apr 2020, 4:00 am by Cari Rincker
(Mar. 17, 2020), https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-updates-criteria-states-requesting-disaster-assistance-loans-small-businesses-impacted. [read post]
7 Apr 2020, 4:00 am by Cari Rincker
(Mar. 17, 2020), https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-updates-criteria-states-requesting-disaster-assistance-loans-small-businesses-impacted. [read post]
6 Apr 2020, 5:26 pm by Cari Rincker
We will help you prepare the necessary legal documents as you focus on leading your business through these challenging times. [1] Coronavirus (COVID-19), SBA Disaster Assistance in Response to the Coronavirus, U.S. [read post]