What does the Small Business Administration do?
SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, preserve free competitive enterprise and maintain and strengthen the overall economy of our nation.
How do I speak with someone at the SBA?
Contact SBA’s Answer Desk at 800-827-5722 or firstname.lastname@example.org Monday-Friday 9:00 a.m. to 6:00 p.m. ET or speak with an American Sign Language (ASL) interpreter via videophone at 855-440-4960.
How will the SBA contact me?
The SBA does not initiate contact on either 7a or disaster loans or grants. … Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your personally identifiable information (PII), to obtain personal banking access, or to install ransomware/malware on your computer.
How do I contact a small business?
How to Contact Small Business Owners
- Contacting the Individual by Cold Call.
- Messaging the Owner through Email.
- Talking with the Owner in Person. Co-authored by wikiHow Staff.
How much money is considered a small business?
It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1,500 employees).
Is it hard to get an SBA loan?
Although it’s relatively easy to apply for an SBA loan, it’s not so easy getting approved. If you aren’t careful with your application, you can get rejected and lose out on millions in low-cost, government-backed financing. In 2020, don’t let your business miss out on low-interest funding.
How do I get my SBA PPP loan number?
Where do I find my SBA PPP loan number / ID?
- Log into your account on my.scratch.fi.
- Click “Payment History”
- Click “Documents”
- You will see your loan origination document which contains your SBA PPP loan number / ID.
What is the best time to call SBA?
U.S. Small Business Administration
The best time to contact the SBA’s Customer Service Center is: Weekdays from 8:00 a.m. to 8:00 p.m. (Eastern)
Can u go to jail for SBA loan?
Making false statements to obtain an SBA loan can result in serious criminal penalties. … A conviction for federal loan fraud can carry serious penalties, including federal prison time and fines that can reach six figures.
How will I know if my SBA loan is approved?
Call 1-800-659-2955 (the SBA Disaster Assistance customer service center) about the application process, the status of your loan, or with any other questions you may have.
What does it mean if you have a SBA loan number?
If the loan receives preliminary approval, the borrower is issued an SBA loan number, which indicates that funds are reserved for them.