Overcome your financial challenges and find relief with access to multiple federal funding options.
FSA makes loans to individual young persons between the ages of 10-20 to start and operate income-producing projects of modest size in connection with their participation in 4-H clubs, FFA, a Tribal youth group, or similar agricultural youth organization. The project being financed with an FSA Youth Loan needs to provide an opportunity for the young person to acquire experience and education in agriculture-related skills.
Military Reservist Economic Injury Disaster Loan program
The purpose of the Military Reservist Economic Injury Disaster Loan program (MREIDL) is to provide funds to eligible small businesses to meet its ordinary and necessary operating expenses that it could have met, but is unable to meet, because an essential employee was "called-up" to active duty in their role as a military reservist. These loans are intended only to provide the amount of working capital needed by a small business to pay its necessary obligations as they mature until operations return to normal after the essential employee is released from active military duty. The purpose of these loans is not to cover lost income or lost profits. MREIDL funds cannot be used to take the place of regular commercial debt, to refinance long-term debt or to expand the business.
PPP Frequently Asked Questions
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).
IRS-Related Coronavirus Scam
Taxpayers will likely encounter fraudulent web pages or social media-based communications and/or receive phishing email, text messages, or other communications which claim to be from the IRS asking for sensitive personal information from taxpayers or payments in order to receive their EIP. These are scams.
Federal Deposit Insurance Corporation
The FDIC is working with the Small Business Administration (SBA) to help ensure that FDIC-supervised banks have the information they need to become certified by the SBA to make small business loans through recently launched programs under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made.
How to Calculate Loan Amounts
The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this guidance to assist businesses in calculating their payroll costs for purposes of determining the amount of a Paycheck Protection Program (PPP) loan businesses can apply for.
PPP Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
This interim final rule supplements the interim final rules in order to inform borrowers and lenders of SBA’s process for reviewing PPP loan applications and loan forgiveness applications, and requests public comment.
Department of Labor Resources for Employers
The U.S. Department of Labor issued a press release on its recent actions to aid American workers and employers, which includes a recent webinar on paid sick leave, workplace safety and other employer/employee concerns amid the Coronavirus pandemic and a webinar for Korean employers. An upcoming webinar will take place on Aug. 13, 2020, on provisions of the Immigration and Nationality Act (INA) and other requirements during the current pandemic.
Coronavirus (COVID-19) Information for Bankers and Consumers
The FDIC is working with federal and state banking agencies, as well as, financial institutions to consider all reasonable and prudent steps to assist customers in communities affected by the Coronavirus (COVID-19). Regulatory agencies have encouraged financial institutions to work with customers impacted by the Coronavirus. Customers experiencing difficulties beyond their control should work directly with their financial institutions.
The focus of Microloans is on the financing needs of small, beginning farmer, niche and non-traditional farm operations, such as truck farms, farms participating in direct marketing and sales such as farmers’ markets, CSA’s (Community Supported Agriculture), restaurants and grocery stores, or those using hydroponic, aquaponic, organic and vertical growing methods.
Farm Ownership Loans
No current or previous farm ownership requirements and 100 percent financing available make FSA direct farm ownership loans a valuable resource to help farmers and ranchers become owner-operators of family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations.
PPP Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting
This interim final rule revises the interim final rule posted on May 8, 2020, and published in the Federal Register on May 19, 2020, by extending the date by which certain Paycheck Protection Program (PPP) borrowers may repay their loans from May 14, 2020 to May 18, 2020, in order to avail themselves of a safe harbor with respect to the certification required by the Act, and by extending the timeframe for submission of the initial SBA Form 1502 report for PPP loans.
EXIM Extends Assistance to U.S. Customers and Lenders Amid COVID-19 Pandemic
EXIM has implemented relief measures including waivers, deadline extensions, streamlined processing, and flexibility to enable businesses and financial institutions that participate in its programs to return to their business concerns and EXIM-related obligations at an appropriate time without penalty.
PPP Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders
This interim final rule supplements the interim final rules by limiting the amount of PPP loans that any single corporate group may receive and provides additional guidance on the criteria for non-bank lender participation in the PPP, and requests public comment.