SBA Disaster Federal Secured Loans Federally Secured Low Interest Loans managed by the SBA

PL 115-123 Declined Federal Assistance protection violated by SBA Data Feed Loan Decision Field status

The SBA data feed field Loan Decision does not provide remedy for public law 115-123 which allows a homeowner to decline the loan which for the SBA means the homeowner cancels the loan. The Loan Decision field of the SBA Data feed does not offer Cancelled

By Contributor published 8-21-2018 updated 8-21-2018
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How the Federal SBA Loan program for Homeowners places more debt and puts at risk recovery efforts.

The SBA Loan Program will harm every American Household after a declared disaster for one simple fact. The Federal SBA Loan Program does not take into consideration any current income to expense ratio for the victims of the disaster.

By Contributor published 7-3-2018 updated 7-3-2018
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SBA proposed to remove provisions that currently make faith-based organizations ineligible for certain loans.

SBA proposed to remove provisions that currently make faith-based organizations ineligible for certain SBA disaster loans and other loan eligibility issues determined to violate the Free Exercise Clause of the First Amendment to the Constitution.

By Murray Wennerlund published 10-4-2022 updated 10-4-2022
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SBA Reconsideration for disaster loan after being denied on the first application processed.

My home was hit by a hurricane Sally. I am in need of an SBA loan to repair my home. I was denied and need to have you reconsider my denied application.

By Murray Wennerlund published 8-27-2022 updated 9-26-2022
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Should the applicant cancel or decline the loan or should you allow the SBA to cancel your loan?

The SBA will use a different declined loan code or reason for cancel code depending on your actions. If you simply choose to ignore the phone calls and letters from the SBA you might get a different code than if you informed the SBA that you decline.

By Murray Wennerlund published 10-20-2022 updated 10-20-2022
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SBA PROMISSORY NOTE SBA NOTE FORM 147 B (5-00)

A PROPERLY SIGNED NOTE IS REQUIRED PRIOR TO ANY DISBURSEMENT. CAREFULLY READ THE NOTE: It is your promise to repay the loan.

By Murray Wennerlund published 10-19-2022 updated 10-19-2022
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Hundreds of homeowners with SBA Duplication of Benefits may have been categorized incorrectly.

SBA Duplication of Benefits totaling near $55 million for Louisiana alone may have been counted against disaster victims but later changed by the SBA without updating state grantee datafeeds. This issue may also be relevant to other disasters since 2013.

By Writers Pool published 11-8-2018 updated 7-28-2019
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Small Business Administration Office of Inspector General identifies possible fraud schemes on social media

You have seen the videos, the so called accountants in the basements explaining how you can get 10,000 in FREE MONEY and FREE TO ALL that APPLY! I will show you the secrets they say, I will secure you thousands in free money, all I need is your SSN.

By Contributor published 7-31-2020 updated 8-2-2020
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SBA EIDL response to Major Disaster for the State of Louisiana, Texas, and Arkansas regarding Hurricane Laura

If you absolutely have no choice but to apply for a 30 year fixed interest loan from the SBA for your Economic Injury that your business suffered as a direct result of damage from Hurricane Laura the SBA EIDL is available if you have no other options.

By Murray Wennerlund published 9-10-2020 updated 9-10-2020
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Disaster Recovery 2020 Pandemic tips: Dear Math Challenged Independent Contractors / Disaster Victims.

When you just dont know what to do its time to use math and start with what doesnt require you to repay a debt. How to survive a disaster is more about how to avoid additional disaster debt.

By Murray Wennerlund published 6-19-2020 updated 6-19-2020
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