SBA: COVID-19 disaster loan program out of money

Cindy Apt

The federal government’s COVID-19 disaster loan program for small businesses and nonprofits ran out of money on Saturday, hours after the deadline for borrowers to request additional loan funds, according to an email notification obtained by Newsday. The U.S. Small Business Administration, in the message to borrowers, said all funds […]

SBA Offers Last Call for a Key Covid-Era Small-Business Aid Program

Cindy Apt

In the past few days, tens of thousands of small-business owners have received emails from the Small Business Administration inviting them to apply for more money through the Economic Injury Disaster Loan program, an emergency loan program for small businesses struggling financially amid the pandemic. The SBA is offering the […]

Local banks could help shore up Black business loan program

Cindy Apt

Everybody loves a story with a happy ending. Unfortunately, when it comes to a state-sponsored program for providing Black-owned businesses with loan money, I don’t think we’re quite there yet. I wrote a column about the Black Business Loan Program, administered by the state’s Department of Economic Opportunity, a couple […]