WebFeb 15, 2024 · Certain types of businesses are ineligible for SBA loans, including firms involved in lending activities, any business whose principal activity is gambling and churches and other... WebApr 24, 2024 · The Administrator, in consultation with the Secretary, does not believe that Congress intended for these types of businesses, which are generally ineligible for section 7(a) loans under existing SBA regulations, to obtain PPP financing. The IFR also provides the following guidance regarding a portfolio company of a private equity fund.
What Is An SBA 504 Loan, And How Do You Get One? - Forbes
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eCFR :: 13 CFR Part 120 -- Business Loans
WebThe following types of businesses are ineligible: ( a) Non-profit businesses (for-profit … WebSmall Business Paycheck Protection Program The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to … WebThe following types of businesses are ineligible: ( a) Non-profit businesses (for-profit subsidiaries are eligible); ( b) Financial businesses primarily engaged in the business of lending, such as banks, finance companies, and factors (pawn shops, although engaged in lending, may qualify in some circumstances); ( c) Passive businesses owned by ... iobit phone number