SBA Disaster Recovery Loans Group is teaming up with financial, tax, and loan processors.

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By Murray Wennerlund published 3-18-2021 updated 4-26-2021
Contribute $3.00 | Download PDF | | Print | Tag: SBAProMentor

The COVID-19 pandemic has forced hundreds of small business owners to search the internet for DIY assistance with SBA and US Treasury programs. From the CARES Act we will merge into the American Rescue Plan of 2021 with proper business planning.

Small business owners really have the best entrepreneurial skills around. Many times when a business owner is stuck on some issue it may only take a single published article online to clear the confusion or misunderstanding. Our pandemic has created issues that are common to us all. As entrepreneurs working collectively sharing accredited information from official channels we strive to bring you the best information available for your business recovery.

Does this sound like you?

  • You read and understand every section of HR1319 - American Rescue Plan Act of 2021 that offers assistance to small business owners and are able to identify the path to disaster recovery with the least amount of additional disaster debt burden placed on the small business owner.
  • You understand loan risks and have read the SBA SOP of 2018 to include SBA OIG audits on defaulted loans and the SBA loan officers common mistakes in processing loan approvals.
  • Additional / Optional knowledge of:
    • HUD CDBG, CDBG-DR, CDBG-CV
  • You may have completed the most recent HUD Exchange training related to the CDBG-CV and CDBG-DR programs and even enjoyed the lessons.

Use the form below to contact me.

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Low and Moderate income households should never sign for any SBA Disaster Loan without consulting CDBG-DR

By Murray Wennerlund published 5-18-2022 updated 5-26-2022
Contribute $3.00 | | Print | Tag: DeclinedSBALoan | Category: 23
Homeowners often sign for SBA loans because it sounds like the best offer. For personal property replacement loans, yes, for home repair loans no. No if your household is 80% AMI or below which is low to moderate income. HUD CDBG-DR for home repair.

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SBA Disaster Loan Program the Duplication of Benefits story you heard when it was too late.

By Murray Wennerlund published 1-15-2022 updated 2-14-2022
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Once you sign your SBA loan agreement for your disaster loan you also signed away any Grant money that you may have been eligible for at a later date. The key is never take a loan when you qualify for a grant but the grants come after the loans.

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Louisiana State Representative Edward Ted James II SBA Regional Administrator District 6 South Central

By Murray Wennerlund published 1-2-2022 updated 2-14-2022
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First SBA announcement for the new year that may bring a shakeup to the disaster lending program. Or will Mr. James simply abandon the idea of creating a lending program designed to assist disaster recovery efforts and keep things as they are?

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SBA Economic Injury Disaster Loan (EIDL) Program regulation changes Sept 8, 2021

By Murray Wennerlund published 10-3-2021 updated 4-18-2022
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Recent changes are: eligible uses of the loan proceeds, business size standard, maximum loan limits, appeal of application that has been declined for a second time.

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Hurricane Ida Presidential Declaration of a Major Disaster for the State of Louisiana

By Murray Wennerlund published 9-7-2021
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The Small Business Administration on 09/03/2021 published to the Federal Register a Notice of the Presidential declaration of a major disaster for the State of Louisiana FEMA-4611-DR, dated 08/29/2021 for Physical Damage and EIDL

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American Rescue Plan Act Duplication of Benefits concerns and alerts

By Murray Wennerlund published 4-8-2021 updated 1-15-2022
Contribute $3.00 | PDF | | Print | Tag: EIDL | Category: 23
SVO Grant is a duplication of benefits with the SBA EIDL and any PPP Draw. A duplication of benefits occurs when your business including self-employed gig workers receives financial assistance which can be in the form of federal secured loans

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American Rescue Plan Act of 2021 SEC. 5002. TARGETED EIDL ADVANCE.

By Murray Wennerlund published 3-28-2021 updated 4-25-2021
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EIDL Advance is to make payments to covered entities that have not received the full amounts to which the covered entities are entitled under section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.

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SBA Disaster Recovery Loans Group is teaming up with financial, tax, and loan processors.

By Murray Wennerlund published 3-18-2021 updated 4-26-2021
Contribute $3.00 | PDF | | Print | Tag: SBAProMentor | Category: 23
The COVID-19 pandemic has forced hundreds of small business owners to search the internet for DIY assistance with SBA and US Treasury programs. From the CARES Act we will merge into the American Rescue Plan of 2021 with proper business planning.

Continue Reading

SBA Targeted EIDL Advance Grant

By Contributor published 1-28-2021
Contribute $3.00 | PDF | | Print | Tag: SBA_EIDL | Category: 23
COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities.

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Ask us about H.R. 133 Section 324 titled Save Our Stages (SOS) Shuttered Venue Operator Grants

By Murray Wennerlund published 1-26-2021 updated 2-10-2021
Contribute $3.00 | PDF | Print | Tag: SVOG | Category: 23
Section 324 Summary of H. R. 133 Save Our Stages (SOS) Shuttered Venue Operator Grants Questions with Answers. Be sure to submit your question using the form near the bottom of this article. I will be updating this section as changes are published

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