SBA

Update: The application process has been temporarily suspended due to technical difficulties. (Thursday, April 8, 7 pm) The U.S. Small Business Administration (SBA) is opening its Shuttered Venue Operators Grant (SVOG) application portal on April 8. This grant is intended…

The U.S. Small Business Administration (SBA) has announced plans to increase the amount small businesses and nonprofits can borrow through the COVID-19 Economic Injury Disaster Loan (EIDL) program. Small businesses and nonprofits will be able to apply for up to…

The U.S. Small Business Administration (SBA) will be focusing its efforts on providing equitable relief for small businesses around the nation, with a focus on racial and gender equity. As part of this effort, the SBA will be establishing an…

The U.S. Small Business Administration (SBA) has provided $200 billion in emergency funding to business, nonprofits and agricultural producers in the wake of the COVID-19 pandemic. On Friday, Feb. 12, the federal agency announced that it hit the $200 billion…

Thomas “Hunter” Deweese has been tapped to serve as the Small Business Administration (SBA) president for Southern Bancorp. Most recently, Deweese served as the senior SBA agricultural lending officer for Southern Bancorp, a Community Development Financial Institution. He joined Southern…

The Small Business Administration is reopening the Paycheck Protection Program (PPP) next week for both new and existing borrowers. In this new round of financing, there will be $284 billion available through March 31, 2021. This additional PPP financing is…

For small businesses across America, 2020 has been one of the most challenging years in history.  Despite the coronavirus pandemic, small business owners have been resilient, pivoting and adapting their business models to navigate continually changing conditions. With the new…

Small businesses will now have a simpler loan forgiveness process for the Payment Protection Program (PPP). The U.S. Small Business Administration (SBA) is streamlining the forgiveness process for entities that have PPP loans of $50,000 or less. This process, developed…

The U.S. Small Business Administration (SBA) has awarded more than $120,000 to the World Trade Center (WTC) Arkansas to help businesses in the state. WTC received $124,722 through the SBA’s State Trade Expansion Program (STEP). This program is designed to…

With businesses reopening across the state and economic reconstitution top of mind, businesses are getting another chance with Small Business Administration (SBA)’s Economic Injury Disaster Loan (EIDL) and a final shot at securing a Paycheck Protection Program (PPP) loan.  The…