small business administration

A federal judge temporarily blocked President Donald Trump's attempt to reassign more than $1.6 trillion in federal student debt from the Department of Education to the Small Business Administration (SBA) on Thursday. What Happened: Judge Myong J. Joun of the U.S. District Court for the District of...

President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department of Education. The president also announced on Friday that federal student loan servicing will be transferred to the Small Business Administration. Here's a look at the latest developments.  The...

Senators are urging the Senate Appropriations Subcommittee on Financial Services and General Government (FSGG) to level the playing field for the state-legal marijuana industry by extending Small Business Administration (SBA) programs and services. Cannabis companies currently are barred from...

Rep. Ed Perlmutter (D-CO), the House sponsor of a bipartisan cannabis banking bill expressed that the federal legalization measure recently introduced for Senate Majority Leader Chuck Schumer (D-NY) is the “hurdle that lawmakers needed to overcome to finally pass his more modest reform...

The Marijuana Opportunity Reinvestment and Expungement Act (MORE) was reintroduced in Congress on Friday after the previous year's version failed to pass the Senate. Overall, the bill would remove marijuana from the federal Controlled Substances Act (CSA). The bill also addresses resentencing...

The bank doors open Monday for the next round of borrowing under the Paycheck Protection Program, with borrowers from the first round eligible to go in for another round of low-interest loans that can be forgiven under certain circumstances. The Small Business Administration announced Friday that...

Last Thursday was the day the Small Business Administration (SBA) was ordered by a court to release detailed data on all of its money disbursed under the Paycheck Protection Program (PPP), right down to the smallest one. But the huge amount of data that would disclose information on many companies...

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.        Motor carriers form the most competitive mode of transportation.  This is because there are so many independent players, and the mode is relatively easy to...

If your company received a loan of less than $2 million under the Paycheck Protection Program, the new message from the Small Business Administration is that you're OK. In an addition to its lengthy list of FAQs, the SBA said Wednesday that all loans granted under that dollar threshold will be...

Detroit, MI, April 27, 2020 Credibly, a leading, national small business fintech lender, announced on Friday its designation as an Approved Lender for the SBA Paycheck Protection Program (PPP). Since receiving the approval, Credibly has facilitated over $500M in federally-backed COVID-19 stimulus...

Workhorse Group, Inc. (NASDAQ: WKHS) is seeking additional patent protection for its truck-mounted Horsefly delivery drone because customers say touchless delivery will carry over beyond the coronavirus pandemic to life after the health crisis. "In the last several months we have seen significant...

The Payroll Protection Plan (PPP), which was designed to keep people employed and paid, has run out of money. The U.S. Small Business Administration (SBA) posted the news on its website this morning, April 16, under a banner that said "Notice: Lapse in Appropriations." "The SBA is currently...

Federal regulators have asked for public comment on a petition for a five-year exemption for small-business truck brokers from a $75,000 security bond requirement. The petition, filed with the Federal Motor Carrier Safety Administration (FMCSA) in September by the Small Business in Transportation...

With the application process already well underway for small companies to apply for assistance under the 3P provision of the CARES Act, a group of people who will be helping companies through the process had a message: Get moving if you want some money from the program. In a webinar produced by...

The opportunity to borrow federal money that may convert to a grant is enticing for small trucking companies, but some would rather see it go to those that most need it. "At the present time, it's not something we absolutely need to get by," Jimmy Nevarez, owner of Angus Transportation Inc., told...