The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key indicator that the PPP is working for all small businesses across our Nation,” said SBA Administrator Jovita Carranza. “For any eligible small business continuing to … [Read more...] about 1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion
SBA
SBA Visits Flagstaff Businesses Served Through the Paycheck Protection Program
The COVID-19 era has put a financial strain on businesses across the country, with company leaders scrambling to come up with funds to cover the cost of operations, including paying employees. One major source of funding for companies – including several in Northern Arizona – has been the United States Small Business Administration’s (SBA) Paycheck Protection Program. On Sept. 9, two SBA officials visited several Flagstaff recipients of SBA funding to follow up on the effectiveness and potential … [Read more...] about SBA Visits Flagstaff Businesses Served Through the Paycheck Protection Program
SBA and USDA Officials Visit Flagstaff
On Wednesday, Sept. 9, SBA Office of Rural Affairs & Regional Administrator Daniel Nordberg; and Associate Administrator for the Office of Field Operations and Regional Administrator for Region IX Michael Vallante are meeting with small business owners who are benefiting from the Paycheck Protection Program (PPP). The rural small businesses are representative of the more than 85,771 loans totaling over $8 billion dollars provided to Arizona’s small business owners through the PPP. The goal … [Read more...] about SBA and USDA Officials Visit Flagstaff
SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact. With the reopening of … [Read more...] about SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic
Wells Fargo #1 SBA Lender in Arizona
Wells Fargo & Company (NYSE: WFC), America’s #1 small business lender, today announced it is the #1 Small Business Administration (SBA) 7 (a) lender in Arizona in amount of dollars loaned for the fifth consecutive year. Wells Fargo originated $84.2 million dollars in financing to Arizona businesses from Oct. 1, 2010 and Sept. 30, 2011. “We believe that the flow of new loan dollars into our communities represents a very powerful statement for job creation and economic … [Read more...] about Wells Fargo #1 SBA Lender in Arizona
