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SBA’s application portal for Paycheck Protection Program loan forgiveness to open on August 4

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Photo credit: Taniasv The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. This … Read More

President Biden signs “PPP Extension Act of 2021” extending application deadline to May 31, 2021

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Photos credit: White House President Joe Biden signed into law H.R. 1799, the “PPP Extension Act of 2021,” on Tuesday, March 30, 2021. The “PPP Extension Act of 2021,” extends the Paycheck Protection Program (PPP) application deadline to May 31, … Read More

Biden-Harris administration announces changes to PPP benefiting small businesses left behind in previous relief efforts

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The Biden-Harris administration announced several reforms targeting the PPP to the smallest businesses and those that have been left behind in previous relief efforts. While these efforts are no substitute for passage of the American Rescue Plan, they will extend … Read More

SBA’s-Economic-Injury-Disaster-Loans-and-Advance-Program-Reopens-after-release-of-New-Guidance-Regarding-Paycheck-Protection-Program

SBA’s Economic Injury Disaster Loans and Advance Program Reopens after release of New Guidance Regarding Paycheck Protection Program

by | posted in: African Diaspora New York, African entrepreneur, African Entrepreneurs in New York City, African Immigrant New Yorkers, African women entrepreneur, African-American community in New York, Africans in New York/Africains de New York, Black Entrepreneur in New York City, Black Entrepreneurs in New York, Coronavirus, Photos & News - African New Yorkers in Harlem and Beyond |

On June 15, 2020, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible U.S. small businesses and non-profits, experiencing economic impacts due to COVID-19. SBA’s EIDL program offers long-term, … Read More