Get Newsletter 03 10 Final.pub - Sba

Go to: http://dsbs.sba.gov OR http://web.sba.gov/pro-net/search/dsp_dsbs.cfm This site is a search engine to locate businesses to solicit estimates/bids from so that you can take the 6 affirmative action steps to meet OIG requirements. You may need to remove criteria to get hits returned.

Business owners defaulting on their SBA loan can apply for loan forgiveness, but that does not guarantee the SBA will approve the request. It is more commonly referred to as an "offer in compromise". The SBA evaluates your case and discusses the matter with the lender.

View loan balance and make payments Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments.

The Freedom of Information Act (FOIA) became law in 1966. It allows any person to request access to federal records or information. SBA must provide this information unless it is not allowed under the law (exempt).

SBA Express loans, part of the SBA's 7(a) loan program, offer the easiest application process and the fastest approval times among all SBA loans. These loans, with payoff periods as long as 25 years, are designed for purposes such as refinancing debt, buying equipment, or improving real estate.

SBA Communication: What to Expect Phone calls and emails from the SBA are intended to inform you, not to ask for personal details. Follow-up actions will direct you to official SBA platforms. Remember, federal guidance is free. You'll never be charged by government employees for help to access federal services.

Businesses can be searched for using any of the following search criteria: location (state, congressional district, metropolitan statistical area) ownership data (U.S. Citizen owned, minority owned, veteran owned, etc.) federal certifications (SBA 8(a) certification) industry sector codes (NAICS, "Buy Green" NAICS)