IBNewsmag recently queried the Small Business Administration (SBA) about its program updates. If you have additional questions, contact the SBA National Answer Desk listed below.
The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.
For coronavirus relief options, please visit: Contact SBA.
The SBA extends financial assistance to for-profit small businesses through its lending partners, such as banks, certified development companies, and microloan intermediaries. For information on the SBA 7(a) loan program including eligibility, please visit: https://www.sba.gov/partners/lenders/7a-loan-program/terms-conditions-eligibility.
The SBA also has resource partners available to assist you with your business. SCORE (Service Corps of Retired Executives), Women Business Centers and Small Business Development Centers (SBDC) that can provide you FREE counseling and technical assistance on getting started, developing your business plan and/or expanding your small business. To locate the resource closest to you, go to its website at http://www.sba.gov/tools/local-assistance
National Answer Desk
U.S. Small Business Administration
1-800-827-5722
1-855-440-4960 (American Sign Language VideoPhone for Deaf Clients)