Modest Business Can Get up to $2 Million in Pandemic Catastrophe Loans

All Posts in "Catastrophe"

Modest Business Can Get up to $2 Million in Pandemic Catastrophe Loans

The SBA elevated the cap on Financial Injuries Catastrophe Financial loans (EIDL) to $2 million.
Businesses may possibly use money to include enterprise costs these as payroll and hire.
The SBA will begin approving financial loans higher than $500,000 on Oct 8.

The Little Organization Administration

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by Rosemarie Masincup — September 14, 2021 in Small Business Loan

Federal catastrophe financial loans now out there to Louisiana enterprises and people

The U.S. Small Business Administration suggests that very low-curiosity federal disaster loans are now readily available to Louisiana organizations and residents impacted by Hurricane Ida.

The loans were being made available as a result of President Biden’s important disaster declaration, SBA Administrator Isabella Casillas Guzman introduced on Tuesday.

The declaration

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by Rosemarie Masincup — September 1, 2021 in Small Business Loan

Smaller Small business Administration: Physical Catastrophe Mortgage Functionality Before and Just after Adjustments in Statutory Collateral Demands

Why GAO Did This Research

SBA assists most types of organizations regardless of dimension and many others affected by natural and other declared disasters by way of its Catastrophe Bank loan Method.

The Rebuilding Small Organizations Immediately after Disasters Act bundled a provision for GAO to assessment the effectiveness of

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by Rosemarie Masincup — August 28, 2021 in Small Business Loan