Mar 1, 2025 · ATLANTA – The U.S. Small Business Administration (SBA) is extending the physical damage loan deadline for disaster declarations affected by the 2024 federal funding lapse. The new deadline to apply is April 27, 2025.

Jan 15, 2025 · Young businesses of any size who received early first draw PPP loans saw 46% lower rates of closure in 2022 compared to non-recipients. In particular, smaller businesses with early loans saw the lowest relative closure rates.

The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs provided funding to help small businesses recover from the economic impacts of the COVID-19 pandemic. There were two types of COVID-19 EIDL funding:

Get information on loan payments, program data and archived content for SBA’s COVID-era relief programs.

Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan.

Aug 21, 2024 · The microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000.

Jan 23, 2025 · The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement.

Get information about the SBA loan program that helped businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.

Nov 5, 2024 · WASHINGTON – Low-interest disaster loans from the U.S. Small Business Administration (SBA) are available to businesses and residents of the Saint Regis Mohawk Tribe following the announcement of a Presidential disaster declaration for severe storm and flooding that occurred Aug. 8-10.

The SBA helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need. The benefits of SBA-guaranteed loans include: Competitive terms: SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.