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  • SBA Proposes Small Business Size Standard Revisions in Three Industrial Sectors

    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Three Industrial Sectors | site |


    Change Targeted at Increasing Eligibility for Contracting and Loan Programs


    (Information contained in U.S. Small Business Administration [SBA] press release: November 16, 2020)


    Public Comments Due January 12


    Washington - - The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in three North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs.

    Comments may be submitted on this proposed rule on or before Jan. 12, 2021 at www.regulations.gov, using the following RIN number: RIN 3245-AG91. You may also comment by mail to Khem R. Sharma, Chief, Size Standards Division, 409 3rd Street SW, Mail Code 6530,
    ...
    See more | Go to post

  • SBA Announces New Reduced 504 Loan Debenture Rates

    SBA Announces New Reduced 504 Loan Debenture Rates

    U.S. Small Business Administration announces New Reduced 504 Loan Debenture Rates | site |



    SBA announced the updated interest rates for the 504 Loan Program offered by CDC


    (November 13, 2020) - - Today the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC). The program now allows for 10, 20, and 25-year interest rates at 2.231 percent, 2.364 percent, and 2.399 percent, respectively. Small businesses can now apply for a 504 loan at these low-interest rates.

    “These are very encouraging terms and very supportive of our nation’s goal to bounce-back from COVID-19,” said William Manger, SBA Chief of Staff and Associate Administrator for the Office of Capital Access. “The longer terms and now lowest interest rates support and encourage
    ...
    See more | Go to post

  • SBA Offers Disaster Assistance to Maryland Small Businesses Economically Impacted by the Coronavirus (COVID-19

    U.S. Small Business Administration Offers Disaster Assistance to Maryland Small Businesses Economically Impacted by the Coronavirus (COVID-19) | site |




    (October 20, 2020) - - Today, October 20, 2020, the U.S. Small Business Administration (SBA) published the following information:

    ATLANTA – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Maryland small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Larry Hogan on March 18, 2020.

    The disaster declaration makes SBA assistance available in the entire state of Maryland; District of Columbia and the
    ...
    See more | Go to post

  • SBA Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses

    U.S. Small Business Administration Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses| site |




    (March 16, 2020) - - On March 13, 2020 the U.S. Small Business Administration (SBA) published the following information: WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s Declaration of a National Emergency: “The President’s decision to declare a national emergency represents another significant and very important step in reducing barriers to public health and protecting America’s 30 million small businesses from the threat posed by Coronavirus (COVID-19). The President’s declaration, coupled with the Administration’s unprecedented efforts to mobilize and involve the full force of the federal government and the private sector — including leaders in science, medicine, transportation, finance and business ...
    See more | Go to post

  • U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities

    U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities | site |



    (November 26, 2019) - - Today, the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify and work with HUBZone-certified small businesses. The rule is published in the Federal Register and effective December 26, 2019. "The exciting improvements outlined in this rule were designed to address longstanding uncertainty from both small businesses contemplating an investment in a designated
    ...
    See more | Go to post

  • U.S. Small Business Administration Issues Direct Final Rule that Will Allow Governors to Seek HUBZone Designation for Certain Rural Areas

    U.S. Small Business Administration Issues Direct Final Rule that Will Allow Governors to Seek HUBZone Designation for Certain Rural Areas| site |


    (November 18, 2019) - - Today, the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration today issued a direct final rule that will allow governors to petition the SBA’s Administrator to designate HUBZone status to certain covered areas. A covered area is an area in a state that is located outside of an urbanized area, as determined by the Census Bureau, with a population of not more than 50,000, and for which the average unemployment rate is at least 120 percent of the average unemployment rate. The rule is published in the Federal Register and effective January 1, 2020, unless significant adverse comment is received by December 15, 2019. “This expansion of HUBZone areas will provide a valuable resource to small businesses in underser
    ...
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  • SBA to Open Business Recovery Center in Saipan to Help Businesses Impacted by Super Typhoon Yutu

    SBA NEWS RELEASE: SBA to Open Business Recovery Center in Saipan to Help Businesses Impacted by Super Typhoon Yutu




    (November 4, 2018) - - Today, the Federal Emergency Management Agency (FEMA) published the following information:

    Sacramento, Calif. - - The U.S Small Business Administration today announced the opening of an SBA Business Recovery Center in Saipan to provide a wide range of services to businesses impacted by Super Typhoon Yutu that occurred Oct. 24–26, 2018. The center will open as indicated below. “Due to the severe property damage and economic losses Super Typhoon Yutu inflicted on Saipan businesses, we want to provide every available service to help get them back on their feet,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. “The center will provide a one-stop location fo
    ...
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  • U.S. Small Business Administration Economic Injury Disaster Loans Available in North Carolina Following Secretary of Agriculture Drought Disaster Declaration for April Freeze

    U.S. Small Business Administration Economic Injury Disaster Loans Available in North Carolina Following Secretary of Agriculture Drought Disaster Declaration for April Freeze




    July 24, 2018


    Atlanta, GA - - (July 23, 2018) - - The U.S. Small Business Administration (SBA) announced today that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Cherokee and Clay counties in
    North Carolina as a result of the freeze on April 17, 2018.

    “These counties are eligible because they are contiguous to one or more primary counties in Georgia. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are
    ...
    See more | Go to post

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  • Staff Reporter 1
    SBA Proposes Small Business Size Standard Revisions in Three Industrial Sectors
    by Staff Reporter 1
    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Three Industrial Sectors | site |


    Change Targeted at Increasing Eligibility for Contracting and Loan Programs


    (Information contained in U.S. Small Business Administration [SBA] press release: November 16, 2020)


    Public Comments Due January 12


    Washington - - The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in three North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs.

    Comments may be submitted on this proposed rule on or before Jan. 12, 2021 at www.regulations.gov, using the following RIN number: RIN 3245-AG91. You may also comment by mail to Khem R. Sharma, Chief, Size Standards Division, 409 3rd Street SW, Mail Code 6530,
    ...
    11-19-2020, 02:29 PM
  • Staff Reporter 1
    SBA Announces New Reduced 504 Loan Debenture Rates
    by Staff Reporter 1
    U.S. Small Business Administration announces New Reduced 504 Loan Debenture Rates | site |



    SBA announced the updated interest rates for the 504 Loan Program offered by CDC


    (November 13, 2020) - - Today the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC). The program now allows for 10, 20, and 25-year interest rates at 2.231 percent, 2.364 percent, and 2.399 percent, respectively. Small businesses can now apply for a 504 loan at these low-interest rates.

    “These are very encouraging terms and very supportive of our nation’s goal to bounce-back from COVID-19,” said William Manger, SBA Chief of Staff and Associate Administrator for the Office of Capital Access. “The longer terms and now lowest interest rates support and encourage
    ...
    11-13-2020, 11:21 PM
  • Staff Reporter 1
    SBA Offers Disaster Assistance to Maryland Small Businesses Economically Impacted by the Coronavirus (COVID-19
    by Staff Reporter 1
    U.S. Small Business Administration Offers Disaster Assistance to Maryland Small Businesses Economically Impacted by the Coronavirus (COVID-19) | site |




    (October 20, 2020) - - Today, October 20, 2020, the U.S. Small Business Administration (SBA) published the following information:

    ATLANTA – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Maryland small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Larry Hogan on March 18, 2020.

    The disaster declaration makes SBA assistance available in the entire state of Maryland; District of Columbia and the
    ...
    10-23-2020, 12:35 PM
  • Staff Reporter 1
    SBA Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses
    by Staff Reporter 1
    U.S. Small Business Administration Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses| site |




    (March 16, 2020) - - On March 13, 2020 the U.S. Small Business Administration (SBA) published the following information: WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s Declaration of a National Emergency: “The President’s decision to declare a national emergency represents another significant and very important step in reducing barriers to public health and protecting America’s 30 million small businesses from the threat posed by Coronavirus (COVID-19). The President’s declaration, coupled with the Administration’s unprecedented efforts to mobilize and involve the full force of the federal government and the private sector — including leaders in science, medicine, transportation, finance and business ...
    03-16-2020, 11:05 AM
  • Staff Reporter 1
    U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities
    by Staff Reporter 1
    U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities | site |



    (November 26, 2019) - - Today, the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify and work with HUBZone-certified small businesses. The rule is published in the Federal Register and effective December 26, 2019. "The exciting improvements outlined in this rule were designed to address longstanding uncertainty from both small businesses contemplating an investment in a designated
    ...
    12-02-2019, 08:34 AM

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