Normally, when you sell a business or asset tied to an outstanding SBA loan, the sale proceeds are used to pay off the remaining balance. Transferring an SBA loan is a time-consuming and ...

Small-business owners could pay thousands more in loan fees as the SBA looks to cut costs and rightsize its lending operations. The Small Business Administration has raised fees on some of its ...

Other SBA loans, including Economic Injury Disaster Loans (EIDL ... utilities and even debt payments. In contrast, PPP loan proceeds had to be used primarily for payroll costs to qualify for ...

Once you’re approved for an SBA loan, your lender is responsible for closing the loan and disbursing the loan proceeds. You repay the lender directly, usually on a monthly basis. » MORE ...

Small Business Administration loans can provide flexible financing options at competitive terms if you're starting or growing a small business. Depending on the type of loan, it can be used for a ...

At the same time, the cost-cutting department is pushing to eliminate more than 40 percent of the SBA’s workforce. DOGE, in a recent post on X, announced that moving forward all direct loan ...

You can submit an application with an SBA-authorized lender. Loans don't have to be repaid if at least 75% of the proceeds cover payroll costs, including individual compensation up to $100,000 ...

The United States Small Business Administration (SBA ... that it is eligible for the loan and will use the proceeds for eligible purposes. During the pandemic, the defendants applied for two ...