Got questions about the SBA’s Payroll Protection Program? The Ohio Business Development Center, Your Wright Resource, and OhioMBE recently hosted virtual training for small business owners to answers frequently asked questions. You can download the training here: https://ohbdc.org/digital-course-training-downloads/ Subscribe to…
Category: sba
Rules for using the SBA Economic Injury Disaster Loan
The SBA Economic Injury Disaster Loan is a working capital loan. This means that the funds can only be used for the day to day, normal expenses incurred in your business. There are some restrictions on its use that could…
SBA Paycheck Protection Program Reports
In Round Two of the Paycheck Protection Program (April 27 – May 1, 2020), the SBA has guaranteed 2,211,791 loans For more information on Round Two loan activity, click here. In Round One of the Paycheck Protection Program, (through April 16, 2020),…
SBA to Make Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic
WASHINGTON – U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal will reopen today as a result of funding authorized by Congress through the Paycheck…
SBA Loan Systems Are Now Accepting PPP Loan Applications
SBA and Treasury are pleased to announce that SBA is now accepting and processing Paycheck Protection Program loan applications. The PPP lender assistance hotline is (833) 572-0502 Program guidance and related information can be found at www.sba.gov/paycheckprotection or www.treasury.gov/cares SBA and Treasury value all…
SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
One of Multiple Economic Relief Provisions to Protect Workers and Small Businesses WASHINGTON – The U.S. Small Business Administration Administrator Jovita Carranza Friday launched the Paycheck Protection Program, a $349 billion emergency loan program created last week with the President’s…
Disaster Loan Declaration form
The Ohio Development Department is working directly with Governor DeWine’s office to facilitate a disaster declaration form for businesses to be eligible for SBA Economic Disaster Injury loans. To expedite this process, small business should complete the Disaster Loan Declaration…
SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
WASHINGTON – Today, as part of the Trump Administration’s aggressive, whole-of-government efforts to combat the Coronavirus outbreak (COVID-19) and minimize economic disruption to the nation’s 30 million small businesses, U.S. Small Business Administration Administrator Jovita Carranza issued revised criteria for…