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SBA Releases Montana's Mid-Year Loan Numbers - sba

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Dixon sba*gov John Donovan John*donovan sba*gov Sharon Franjevic Program Support Assistant H. Tom White Thomas. White sba*gov Billings Satellite Office John Klaman Senior Area Manager 406 869-8421 John*klaman sba*gov Helping small businesses start grow and succeed* Dan Hannaher Region VIII Regional Administrator of the U*S* Small Business Administration today announced the selection of Joe McClure as the new district director for the Montana SBA office. He will officially start his duties at ...

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Will EIDL loans eventually be forgiven?

The SBA does not currently have a forgiveness program for EIDL loans. Borrowers must repay these loans in full as agreed under the loan terms.

What is the latest update for EIDL loan?

As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. As of May 6, 2022, SBA is no longer processing COVID-19 EIDL loan increase requests or requests for reconsideration of previously declined loan applications.

What is the SBA update for 2023?

Beginning May 2023, simplified underwriting can be used for loans $500,000 or less, including: Through an acceptable SBSS score, currently 155 and above. Through cashflow analysis. Through the lenders same policies and processes they use for similar-sized non-SBA guaranteed loans, including use of credit scoring