And effective immediately, the SBA says it will no longer request the loan necessity questionnaire (SBA Form 3509) for any PPP loan reviews. (It will also pull the nonprofit loan necessity ...

But in 2023, the SBA started cutting 7(a) fees in an effort to expand access to the program. By 2024, a bank could lend up to $1 million under the program, without paying a fee for the government ...

The Small Business Administration has raised fees on some of its most popular loans as part of an effort, it says, to re. advertisement. The Business Journals. SBA loan fees are going up immediately.

The Small Business Administration may have lost more than $200 billion to fraud, waste and abuse during its push to help small businesses during the pandemic through programs like the Paycheck ...

With disqualifications so ludicrously broad, the SBA is barring many otherwise qualified small business owners from relief, based on criteria that aren’t directly related to the public interest.

As the chief of staff at the U.S. Small Business Administration, William Manger oversaw the agency’s implementation of the $800 billion Paycheck Protection Program.

SBA disaster loan requirements vary based on the type of loan. Lower credit scores may be acceptable, in some cases. For example, the minimum credit score for the COVID-19 EIDL program was 570 for ...