During any declared disaster in which businesses can provide proof of economic injury or in simple terms loss of revenue as a direct result of the disaster the business will still be required to qualify for the loan based on the ability to repay the loan.

By Murray Wennerlund published 9-3-2020 updated 9-3-2020
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Recent changes are: eligible uses of the loan proceeds, business size standard, maximum loan limits, appeal of application that has been declined for a second time.

By Murray Wennerlund published 10-3-2021 updated 4-18-2022
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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
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When the president signed the Coronavirus Preparedness and Response Supplemental Appropriations Act on March 6, and the Coronavirus Aid, Relief, and Economic Security Act CARES Act on March 27, the SBA OIG raised the warning flag to the SBA Director.

By Murray Wennerlund published 12-31-2020 updated 12-31-2020
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The COVID-19 pandemic has forced hundreds of small business owners to search the internet for DIY assistance with SBA and US Treasury programs. From the CARES Act we will merge into the American Rescue Plan of 2021 with proper business planning.

By Murray Wennerlund published 3-18-2021 updated 4-26-2021
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EIDL Advance is to make payments to covered entities that have not received the full amounts to which the covered entities are entitled under section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.

By Murray Wennerlund published 3-28-2021 updated 4-25-2021
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SVO Grant is a duplication of benefits with the SBA EIDL and any PPP Draw. A duplication of benefits occurs when your business including self-employed gig workers receives financial assistance which can be in the form of federal secured loans

By Murray Wennerlund published 4-8-2021 updated 1-15-2022
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First SBA announcement for the new year that may bring a shakeup to the disaster lending program. Or will Mr. James simply abandon the idea of creating a lending program designed to assist disaster recovery efforts and keep things as they are?

By Murray Wennerlund published 1-2-2022 updated 8-23-2022
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The Small Business Administration on 09/03/2021 published to the Federal Register a Notice of the Presidential declaration of a major disaster for the State of Louisiana FEMA-4611-DR, dated 08/29/2021 for Physical Damage and EIDL

By Murray Wennerlund published 9-7-2021 updated 9-7-2021
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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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