Questions tagged [sba]

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What happens if the interest of my SBA 7a loan with variable interest rate goes through the roof in the next few years [closed]

I currently have a 1.2 million SBA 7a loan with variable interest rate, currently I am paying 6% after this recent rate hike. If fed raises interest rate by another 4% in the next 2 years, I am ...
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1 answer
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Receiving Check via Mail for goods being sold [closed]

I recently open an online shop and I was just wondering about the different payment methods that are considered to be the safest on a business standpoint. Today I received one customer interested in ...
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3 votes
1 answer
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How to fill out the PPP forgiveness loan application? What do I put for employee identifier, cash comp, and average fte?

Is employee identifier their ss#? And I'm not sure what to put for cash comp and average fte? My ppp loan is for me, my wife, and 2 contractors. We run a repair shop and I only call in my contractors ...
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1 vote
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How do I know when my applications for disaster relief loans have been approved?

I applied to all 3 programs as I have a business in NYC: SBA EIDL - Economic Injury Disaster Loan Emergency Advance PPP - Paycheck Protection Program NYC Small Business Continuity Program I think I ...
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