Tag Archives: loan

Officials of the Export-Import Bank of the United States said they are extending help to U.S. space companies facing competition from firms backed by the Chinese government.

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury (DoT), has released detailed loan-level data in regards to the loans made under the Paycheck Protection Program (PPP), the administration reported on Monday. This disclosure covers each of the 4.9 million PPP loans that have been made.

President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA) into law on Friday to simplify the process for recipients of Paycheck Protection Program (PPP) loans to qualify for forgiveness. 

Treasury Secretary Steven Mnuchin said Wednesday he will ask Congress for additional funding for small business loans if a $350 billion loan pool dries up, CNBC reported Wednesday.

David Chow, chief information officer at the Department of Housing and Urban Development, told Federal News Network in an interview published Friday that the Centers of Excellence program and the Technology Modernization Fund are part of HUD’s efforts to transform its financial profile. The report said HUD received $5M in September as the first installment of the $20M loan approved by the TMF board.

The Agriculture Department has invested more than $300 million in projects and grants for a strategy promote the adoption of renewable energy and efficient energy sources among the nation’s small businesses. USDA said Tuesday it provided $237 million in grants to 423 businesses as part of the Rural Energy for America Program to help them …

Maria Contreras-Sweet has shared her thoughts on public service and goals as administrator at the Small Business Administration in an interview with the Washington Post published Friday. She told reporter Tom Fox the agency is working to accelerate loan processing for U.S. small business owners and provide aspiring entrepreneurs access …

The Minority Business Development Agency and the U.S. Export-Import Bank have extended an agreement to provide export loans to small and women-owned companies. Small business can apply for export financing loans at the MBDA’s business centers in Miami, Los Angeles, Detroit and Phoenix through the Ex-Im Bank’s Global Credit Express …

The Iraqi government is planning to procure 40 Boeing-built planes for $5 billion as the country moves toward recovery, Businessweek reported Wednesday. Deena Kamel Yousef writes the Middle Eastern country is seeking up to $2 billion in credit facility from the U.S. Export-Import Bank to help fund the purchase. Bangen …