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Nov 04 2020

SBA Lending: Funding Your Dream of Small Business Ownership


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Rhode Island District Office  - November 3, 2020

u s small business administration
SBA-Guaranteed Loans. Lending Partner - Loan - Small Business

SBA lending exists to ensure that small business owners have the funds they need to start, grow, expand, and recover. The SBA has lending programs that guaranty a portion of your loan to the lender should you default. This process significantly mitigates the lender's risk which turns a "No" into a "Yes". In the following newsletter you will find the most up to date information about SBA lending, program changes, events, and PPP forgiveness. 

Table of Contents


Paycheck Protection Program Forgiveness

webinar: paycheck protection program loan forgiveness

Ensuring businesses who leveraged a PPP loan now receive forgiveness is paramount to the SBA. In support of this goal the SBA is teaming with Rhode Island SCORE to present "Attention PPP Borrowers - Get you PPP Loan Forgiveness Questions Answered!". This webinar will help you navigate the PPP loan forgiveness process. William Cunningham, from Rhode Island SCORE, will be providing important information on what you need to gather in order to complete your PPP loan forgiveness application. 

Join us on Friday, November 6th at 10:00AM to learn everything you need to know about PPP forgiveness.

Register


PPP

The SBA has released the PPP forgiveness factsheet for borrowers highlighting the most important information that you should know. Review this factsheet and make sure your loan is forgiven without incident. 

PPP Forgiveness Factsheet


SBA & FDIC: Resources for Veteran-Owned Small Businesses

FDIC

Ensuring businesses who leveraged a PPP loan now receive forgiveness is paramount to the SBA. In support of this goal the SBA is teaming with Rhode Island SCORE to present "Attention PPP Borrowers - Get you PPP Loan Forgiveness Questions Answered!". This webinar will help you navigate the PPP loan forgiveness process. William Cunningham, from Rhode Island SCORE, will be providing important information on what you need to gather in order to complete your PPP loan forgiveness application. 

Join us on Friday, November 6th at 10:00AM to learn everything you need to know about PPP forgiveness.

Register

The Small Business Administration (SBA) District Offices from Maine, Massachusetts, and Rhode Island be partnering with FDIC Community Affairs to host a virtual webinar for Veteran-Owned Small Businesses, financial institutions and Community Development Financial Institutions. This virtual event will highlight SBA programs and technical assistance available to Veteran-Owned Small Businesses. The webinar will also highlight the FDIC's Money Smart for Small Business and the Veterans Business Outreach Center (VBOC) will discuss the services it provides to the veteran community.

Join us on Tuesday, November 17th at 11:00AM and learn what the SBA and FDIC can do for you. Register below.

For questions or additional information regarding this event please contact Community Affairs Specialist Jeffrey Manning, at jemanning@fdic.gov or 781-879-3484.

Register


Veterans Advantage: SBA Loan Fee Waiver

Veterans, let us serve you. SBA can help your small business start, grow, expand and recover.

Are you a a veteran looking for a loan to start or grow your small business? Make sure that any lender you're working with knows your veteran status. The SBA is waiving the upfront guaranty fee for SBA Express loans made to veteran-owned small businesses.


Lender Match

Lender Match

The days of traveling from bank to bank pitching your business idea to lenders and hoping one says "yes" are gone. Now, from the comfort of your own home you can access the SBA"s Lender Match tool which will connect you with interested SBA lenders. Simply enter some basic information about your business and interested SBA lenders will reach out to you within 48 hours. There is not credit hit and no commitment. Start your process today.

Lender Match 


EIDL Loans Still Available

eidl

Economic Injury Disaster Loans are still available for those small business affected by COVID-19. The EIDL loan can help you bridge the gap until a level of normalcy returns. To apply, click the link below.

EIDL Application


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Follow us on Twitter for the most up-to-date information from the SBA. 

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Keep Up-To-Date With The Latest News From Our Office

National Veteran Small Business Week November 2 through 6 2020