There are 9 article(s) tagged small business administration:
The U.S. government issued $800 billion in PPP loans, but studies show that up to 15% — or $76 billion — in loans may have been awarded improperly, making it likely one of the widest abused federal programs in the modern era.
SCORE Memphis experiences soaring mentoring requests and receives the state chapter-of-the-year honors for the second time in three years.
PPP loans issued after June 5, 2020 have a maturity of five years at an interest rate of 1%.
There’s a possibility that a third application will be released, which would be a “super EZ” application for loans under a certain amount.
SBA data suggests Paycheck Protection Program thus far has aided more than 14,000 Shelby County businesses and helped retain more than 50,000 jobs.
Paycheck Protection Program forgivable loan applications resume with Aug. 8 deadline and nearly $130 billion still left in the program till.
The working capital for small businesses is partially a response to complaints from local businesses that they either can't reach the Small Business Administration or their bankers for help in getting federal stimulus funds or they have been denied the federal funding.
Local professionals give advice for small businesses hurt by coronavirus plague and steps businesses can take to get needed capital.
Small businesses in Memphis may soon be receiving assistance from the U.S. Small Business Administration in the form of Economic Injury Disaster loans due to the COVID-19 pandemic.
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