Billions of dollars worth of Covid-era SBA loans are in hardship programs, with some business owners hoping for forgiveness. How will the changing administration in Washington affect those hopes?

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

The Federal Caronavirus Aid, Relief, and Economic Security, or CARES Act, allocated $350 billion to the U.S. Small Business ...

PPP Paycheck Protection Program as SBA loan written on the mask and money. The IRS hasn’t been kind to PPP loans, and to stop people from claiming deductions and then later getting forgiveness ...

The SBA will guarantee up to 90% for loans of $350,000 or less and 75% for loans of more than $350,000. Shorter repayment period for lines of credit. Whereas the standard Express line of credit ...

The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion ...

SBA loans from the United States Small Business Administration (SBA) tend to have more favorable rates and terms that make repayment easier, although their application and approval process takes ...

Later, they helped their clients with loan forgiveness. In 2021 ... Employee Retention Credit (ERTC), and, most recently, SBA 7(a) loans. Continuously rising interest rates and the tightening ...

The SBA offers low-interest loans to Louisiana businesses affected by the winter storm to cover debts and operational costs.

Any portion of the PPP loan that is not forgiven becomes a 100 percent SBA guaranteed loan with the cooperating bank or lender. The remaining loan will have a two-year payback period and will be ...