SBA to Extend Deferment for Payments on COVID EIDL Program Loans

Isabella Casillas Guzman, head of the U.S. Small Business Administration, directed the agency to provide additional deferment of payments for existing COVID Economic Injury Disaster Loan program borrowers for a total of 30 months from inception on all approved EIDL loans.

March 16, 2022 COVID Economic Injury Disaster Loan program | Isabella Casillas Guzman | U.S. Small Business Administration Ian Koplin

SBA Reopening PPP to Small Lenders on Jan. 15, All Lenders on Jan. 19

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on Jan. 19 to all participating PPP lenders.

January 14, 2021 Jovita Carranza | Paycheck Protection Program | Steven T. Mnuchin | U.S. Small Business Administration Phil Neuffer

TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint

TD Bank ranked No. 1 in total number of approved U.S. Small Business Administration loan units in its Maine-to-Florida footprint for the SBA’s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans.

November 17, 2020 Chris Giamo | SBA Lending Group | TD Bank | Tom Pretty | U.S. Small Business Administration Ellie Delany

SBA Gives Capital Southwest ‘Green Light’ to Apply to Form SBIC

The U.S. Small Business Administration issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a small business investment company (SBIC) subsidiary.

July 31, 2020 Bowen Diehl | Capital Southwest | Small Business Investment Company | U.S. Small Business Administration Phil Neuffer

Government Shutdown Slows SBA Loan Volume, Barely Affects Approval

Although the U.S. Small Business Administration was closed for most of January because of the government shutdown, the percentage of SBA loan approvals dropped by just one percent in January at regional and community banks, according to Biz2Credit Small Business Lending Index.

February 12, 2019 Beth Goldberg | Biz2Credit | Biz2Credit Small Business Lending Index | Rohit Arora | U.S. Small Business Administration Amanda Koprowski

M&T Bank Ranked Fifth Nationally in Small Business Lending

M&T Bank has grown to become America’s fifth-largest issuer of U.S. Small Business Administration 7(a) loans, based on recently released SBA data.

November 1, 2013 M&T Bank | U.S. Small Business Administration ABF Journal

Small Businesses Leading Nation’s Economic Recovery

The economic environment is turning around for America’s small businesses despite some lingering challenges from the recession, according to a new report by the U.S. Small Business Administration (SBA) Office of Advocacy.

February 12, 2013 businesses | economic environment | Office of Advocacy | U.S. Small Business Administration | Winslow Sargeant ABFJ News