Small Business


The U.S. Small Business Administration extended its Gulf Opportunity Pilot Loan Program (GO Loans) through Sept. 30, 2010. The SBA said in a press release that demand for GO loans has increased significantly in fiscal year 2009 in response to the continued need to rebuild Gulf Coast areas.

 

The SBA launched the GO Loan Pilot in November 2005 to provide expedited financial assistance to small businesses severely impacted by Hurricanes Katrina and Rita. Under the program, the SBA provides 85% guarantees (90% under Recovery Act provisions) and streamlined, centralized processing to all eligible lenders that make expedited 7(a) loans to small businesses located in, moving to or relocating within parishes and counties included in disaster declarations related to those storms.

 

In 2008, the SBA approved 301 GO loans for $25.2 million. Through Sept. 25, 2009, the SBA had approved 557 GO loans for $35.1 million.

 

More information on the GO Loan Pilot Program is available at tinyurl.com/yepmavp. A list of all eligible parishes and counties is available at tinyurl.com/ybyvms2.

 

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.