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Showing posts with the label US SBA

$60 Billion in Additional SBA Grant Funding

On June 15, 2020, the SBA announced they were restarting the EIDL program with an additional $60 billion in funding. 
Independent contractors, freelancers, and gig workers can receive a $1,000 grant which you do not have to repay. Small businesses can apply for a grant of up to $1,000 per employee. Maximum $10,000. Loans from $150,000 to $2,000,000 may also be available.
Apply at covid19relief.sba.gov
See the video at right for more information.

Two fake “tribes” in Alabama got over $500 mil in no bid Federal contracts

The LA Times @latimes found members of 2 fake “tribes” in racist, bigoted Alabama got over $500 mil in no bid Federal contracts as minority business owners. This brings the grand total of Federal SBA dollars swindled uncovered by @latimes to over $800 mil.

The Small Business Administration certified William Michael Cunningham as an 8(a) program participant on October 19, 2005. He did not receive any federal government contract revenue. He withdrew from the program, under retaliatory pressure by the SBA in 2008, shortly after he met and wrote to Henry Paulson, Jr., Secretary, US Department of the Treasury, offering to assist the country recover quickly from the financial crisis. He wrote to the Honorable Nydia M. Velázquez, Chairwoman, Committee on Small Business of the United States House of Representatives, describing his experiences. See: https://www.sec.gov/comments/s7-08-13/s70813-32.pdf