Friday, March 1, 2019

small business administration

small business administration


SBA Economic Injury Disaster Loans available to Louisiana small businesses - Bastrop Daily Enterprise

Posted: 27 Feb 2019 12:00 AM PST

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary's declaration.

Small nonfarm businesses in 36 Louisiana parishes and neighboring counties in Texas are now eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration, announced Director Tanya N. Garfield of SBA's Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by rain and flooding in the following primary parishes that occurred Aug. 25 - Nov. 16, 2018.

Primary Louisiana parishes: Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Calcasieu, Cameron, Catahoula, Jefferson Davis, LaFourche, St. Charles, St. James, St. John The Baptist, St. Landry, Terrebonne, and Vermilion.

Neighboring Louisiana parishes include: Caldwell, Concordia, East Baton Rouge, Evangeline, Franklin, Iberia, Iberville, Jefferson, LaSalle, Lafayette, Livingston, Pointe Coupee, Rapides, St. Martin, St. Mary, Tangipahoa, Tensas, Vernon and West Feliciana.

Neighboring Texas counties include: Jefferson, Newton and Orange.

"SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster," Garfield said.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

"Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.675 percent for businesses and 2.5 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship," Garfield said.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Feb. 19, 2019.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary's declaration.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA's Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call 800-877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for economic injury is Oct. 21, 2019.

Contributed by U.S. Small Business Administration

In Harrisburg visit, SBA chief fields concerns on trade, workforce - Central Penn Business Journal

Posted: 28 Feb 2019 10:46 AM PST

Linda McMahon, administrator of the U.S. Small Business Administration, recently participated in a roundtable discussion with local business and industry leaders.

Linda McMahon, administrator of the U.S. Small Business Administration, recently participated in a roundtable discussion with local business and industry leaders. - (Photo / )

Trade, jobs and immigration were on the minds of business people, legislators and others who met this week in Harrisburg with Linda McMahon, the administrator of the U.S. Small Business Administration.

Trying to access a story? You have options. Subscribe for 4 weeks at $6.99 (price increases to $9.99 after 30 days unless you notify us otherwise) when you sign up for monthly auto renew or subscribe for one year full access for $68.

Articles with the premium content are premium articles with a wealth of information,
in-depth analysis, expert advice and much more.

Sign up for a free trial subscription today!

U.S. Small Business Administration seeks entrepreneurs for free business course - vtdigger.org

Posted: 05 Feb 2019 12:00 AM PST

News Release — U.S. Small Business Administration
Jan. 31, 2019

Contact:
www.sba.gov/emergingleaders
[email protected]
call 802-828-4422 ext. 203.

Free strategic growth program open for small business owners in Vermont
EL VT
The Small Business Administration is seeking 20 entrepreneurs throughout Vermont to participate in a free business course starting in April.

Emerging Leaders is a free executive-level training program for established business owners poised for growth. Over the course of seven months at Vermont Technical College's Williston campus, each participating entrepreneur will learn immediate ways to improve their business and will create a three-year strategic growth plan to build a sustainable business of size and scale.

Emerging Leaders is for established business owners and is not for start-ups or people who are thinking about starting a business. To be considered, firms must be for-profit enterprises, been in business for at least three years, have at full-time employees, and have annual revenues between $250,000 and $10 million.

There are no restrictions on the type of businesses that can participate. Some examples of participating businesses include manufacturers, retail stores, wholesalers, contractors, professional services and food service.

Notable Vermont entrepreneurs who have completed the course include Steve Gagner, 14th Star Brewing Company; Kelly Clements, Gordon's Window D├ęcor; and Nick Savasta, Cheese & Wine Traders.

"Coming to the realization that taking time to work on business development and growth goals is essential to the future success of my business. Emerging Leaders is an incredible opportunity to set and accomplish those goals," said Savasta.

VTDigger is underwritten by:

Business owners interested in the program need to fill out the online application at www.interise.org/SBAemergingleaders by March 1. Interise, a non-profit organization specializing in entrepreneurial education, oversees the Emerging Leaders nationwide. The SBA reviews the applications and selects the class participants.

No comments:

Post a Comment