HUD Guidance June 20, 2019 outlines who and what SBA loans will be paid in full using HUD CDBG-DR federal grants and the El Paso Servicing Office office of the SBA is managing the process.

By Murray Wennerlund published 11-1-2022 updated 11-1-2022
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Self-Employed and Independent Contractors 30 year term 3.75 percent SBA Disaster Loan.

By Murray Wennerlund published 11-1-2022 updated 11-1-2022
Make a contribution | Print | EIDL | 412 views

Shared information from the state of Louisiana Office of Community Development - Disaster Recovery Unit and the Department of Administration regarding the processing of US Treasury disbursements of HUD funds used to repay SBA loans.

By Murray Wennerlund published 11-1-2022 updated 11-1-2022
Make a contribution | Print | Repayment | 408 views

The SBA Fix didnt come quick enough for those wrongfully labeled ineligible for HUD CDBG-DR grants that cover unmet needs after the disaster. Many remained homeless and are still homeless today because of the lack of concern from state managers.

By Murray Wennerlund published 11-1-2022 updated 11-1-2022
Make a contribution | Print | Decline | 344 views

Federal law limits Economic Injury Disaster Loans EIDL to small businesses only.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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SBA to determine whether credit in an amount needed to accomplish full disaster recovery is available from nongovernment sources on reasonable terms and conditions without creating an undue financial hardship.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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SBA has determined that your name here does not meet SBAs character standards.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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Economic injury is a change in the financial condition of a small business concern that is directly attributable to the effects of the declared disaster.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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The damaged property must be located within the area named in the disaster declaration.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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What the SBA customer representative says or what your loan officer says will not change the LAA section that is the loan note. Be sure you understand and read your LAA and understand your promissory note.

By Murray Wennerlund published 10-23-2022 updated 10-23-2022
Make a contribution | Print | EIDL | 389 views