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Tag Archives: small businesses

SBA economic injury loan deadline nearing

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes in parts of Mississippi of the May 2 deadline to apply for economic injury disaster loan assistance. The loans are available due to flooding that occurred from May 1 through June 30, 2010. Under this declaration, SBA Economic ...

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Cochran co-sponsors bill to kill healthcare reform provision

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) voted to repeal a section of the year-old healthcare reform law that would have required businesses, local governments, churches and charities to file Internal Revenue Service (IRS) 1099 forms for transactions totaling more than $600 a year. The Senate voted 87-12 April 5 to fully repeal the IRS 1099 reporting requirement that was ...

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SBA offering commercial mortgage refinancing assistance

ACROSS MISSISSIPPI — Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable, long-term financing through the U.S. Small Business Administration’s temporary 504 refinancing program as a result of a change that will be published in The Federal Register by April 6. In February, SBA implemented a temporary refinancing ...

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Lawmakers pushing for disaster relief

MISSISSIPPI GULF COAST — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) are cosponsoring legislation aimed to help thousands of small businesses on the Gulf Coast by waiving interest payments on federal disaster loans issued after recent hurricanes. Cochran and Wicker are primary cosponsors of the Southeast Hurricanes Small Business Disaster Relief Act, which was introduced March 28 by ...

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SBA's disaster loan application deadline approaching

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes in 15 Mississippi counties of the April 25 deadline to apply for economic injury disaster loan assistance. The loans are available due to tornadoes and severe storms with high winds, excessive rainfall, flooding and flash flooding that ...

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SBA chooses Calhoun as Mississippi's best

JACKSON — Small Business Person of the Year winners from 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam will converge on Washington, D.C., in mid May 2011, when one of them will be selected as National Small Business Person of the Year. The state winner from Mississippi is John D. Calhoun, Ph.D., CEO of Integrated ...

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SBA loans available following disaster declaration

ACROSS MISSISSIPPI — The U.S. Small Business Administration economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of the drought that occurred from May 1-Dec. 31, 2010. The SBA’s disaster declaration includes the counties of Adams, Amite, Attala, ...

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SBA introduces new STEP pilot program

WASHINGTON — Beginning March 1, states can apply for grants from the U.S. Small Business Administration to support efforts to increase exporting by small businesses. The State Trade and Export Promotion (STEP) pilot grant initiative is authorized to provide up to $90 million in grants to states over the next three years. The STEP pilot grant initiative is aimed at ...

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Division, district recognized for small business program

VICKSBURG — The Chief of the U. S. Army Corps of Engineers (USACE), Lieutenant General (LTG) Robert Van Antwerp, recently recognized the Mississippi Valley Division and the Vicksburg District for their significant contributions to the Service-Disabled Veteran-Owned Small Business Program (SDVOSB). The SDVOSB is a Department of Defense program to assist small businesses that are owned by disabled veterans with ...

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SBA offering new program for commercial mortgages

WASHINGTON — Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the U.S. Small Business Administration under a new, temporary program. The new refinancing loan is structured like SBA’s traditional 504, with borrowers committing at least 10 percent equity and working with ...

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