We are excited to announce that we have received our 4th stimulus check from the Small Business Administration! This is an important step in our long-term efforts to ensure that our program is a success. As we work with the SBA and with the private sector to strengthen our programs, we will continue to work with local businesses to increase the number of small businesses that are able to get federal funding.
We are very proud of our SBA program and how it has improved small business ownership in America. We will continue to work with the SBA to ensure that our program continues to be a success.
While the SBA is still a critical piece of our program, we have significantly expanded this program so that small businesses can get federal funding. In particular, we have expanded our SBA Small Business Opportunity Program to provide $2,000 grants to small businesses in states where the SBA has waived the credit check for qualified businesses.
The SBA’s expanded program will help more small businesses get federal credit, and it is a great way to improve small business ownership in America.
I am not suggesting that you take out every SBA grant. It is an expensive program and many of the small businesses that qualify for it do not need it. However, that is the one program that is very well known by the public, and the SBA will continue to make it available for small businesses.
Small businesses have been using SBA loans for years, but it’s been a challenge to get them approved. This is one of the few programs that has been proven to work, and it’s the program that has been the most cited by the media as a success. We are hoping that the small businesses that receive these loans will use them to expand their businesses.
So far, the SBA has approved more than $1.6 billion in loans for small business owners, so it looks like the program is working. But it will be a challenge to get them approved; the SBA has an approval time frame of five to seven business days, meaning that small businesses applying for a loan would have to submit their loan application on the same day as the loan is due.
With the economy still showing signs of slowing down, it’s time for the SBA to come up with a new plan. Last year, the SBA approved a record $2.6 billion in loans for small businesses but now it seems they’re putting their resources toward a new plan that will make it easier to get loans.
Even with the SBA’s approval, we still have to keep our eyes peeled for a major new project that will require a few phone calls and a full-time security team to make sure the SBA is prepared to start work on the project.
One of the major new things the SBA is going to start looking at for it’s new plan is the requirement that all banks be required to have contingency plans for anything the government is going to do. Basically, if the government does something that the banks aren’t prepared for, then they would have to prepare for that as well. That’s a pretty big ask, and it’s something that we will have to monitor closely as well.