Latest news with #EIDLs
Yahoo
7 hours ago
- Business
- Yahoo
Hurricane Milton-related loans available to Sarasota, Manatee businesses and nonprofits
The U.S. Small Business Administration (SBA) recently announced that low interest federal disaster loans are available to small businesses and private nonprofit organizations in Florida that sustained economic losses caused by Hurricane Milton on Oct. 9-10, 2024. The disaster declaration covers the primary counties of Sarasota, Manatee, DeSoto, Hardee, Seminole and Volusia as well as the adjacent counties of Brevard, Charlotte, Flagler, Glades, Highlands, Hillsborough, Lake, Marion, Orange, Polk and Putnam. Under this declaration, the SBA's Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises. EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. 'Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,' Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA, said in a prepared statement. 'We're pleased to offer loans to small businesses and private nonprofits impacted by these disasters.' This article originally appeared on Sarasota Herald-Tribune: SBA loans available for businesses, nonprofits impacted by Milton
Yahoo
07-03-2025
- Yahoo
Former DC police officer pleads guilty to wire fraud
WASHINGTON () — A former patrol officer with the Metropolitan Police Department (MPD) pleaded guilty on Thursday to COVID emergency loan fraud, the U.S. Attorney's Office (USAO) announced. Kalynn Fields, 34, of Baltimore, Md., filed false and misleading information in order to get $35,000 in Economic Injury Disaster Loans (EIDLs) and Paycheck Protection Program (PPP) loans. According to court documents, Fields created two businesses in June 2021 and May 2022, which she used to apply for the loans. At the time, she was a patrol officer with MPD and failed to report the outside business venture, despite MPD's policy requiring her to do so. Maryland, DC Attorneys General sue federal agencies to stop mass firings of federal probationary employees In September 2021, Fields reportedly submitted a PPP loan application for $20,000 on behalf of one of her businesses. She claimed the business was 'General Freight Trucking, Lond Distance' when she did not have a freight trucking license or the insurance required to run such a business. Fields 'had not complied with the PPP Program rules and misspend the PPP funds she received as part of her fraudulent PPP loan application,' court documents stated. She also had someone submit an EIDL application, on behalf of one of the businesses, containing materially false statements. When the initial application was denied, she had someone upload fabricated documents to the application portal. Falls Church man found guilty of hate crime for threatening church members The application was later approved. Fields pleaded guilty to wire fraud on March 6, 2025, having obtained $35,000 in loans. She faces up to 20 years in prison and is scheduled to be sentenced on June 20. DC News Now reached out to the Metropolitan Police Department for a statement and is waiting for a response. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11-02-2025
- Business
- Yahoo
Mercer County disaster recovery center remaining open until Friday
Feb. 11—princeton — While the deadline to apply for disaster assistance ended Friday, Feb. 7, the Mercer County FEMA Disaster Recovery Center in Princeton is extending its operations an additional week to aid people who have applied. The recovery center will remain open through Friday, Feb. 14 to allow applicants more time to speak face-to-face with staff about their applications. The Mercer County Disaster Recovery Center is located at the Lifeline Princeton Church of God, 250 Oakvale Road near Princeton. It will be open Monday to Thursday from 9 a.m. to 5 p.m. and Friday from 9 a.m. to 12 noon. Disaster Recovery Centers such as the one in Princeton are accessible to all, including survivors with mobility issues, impaired vision, and those who are who are deaf or hard of hearing. Another way for applicants to discuss their FEMA assistance is by phone at 800-621-3362. The toll-free telephone line operates from 7 a.m. to 11 p.m., seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, applicants should give FEMA their number for that service. Staff from the U.S. Small Business Administration (SBA) will also be available at the recovery center in Princeton for homeowners, renters and business owners to answer questions about their physical disaster loans, and for business owners to inquire about their Economic Injury Disaster Loans (EIDLs). Applicants can also call the SBA's Customer Service Center at (800) 659-2955, or email disastercustomerservice@ for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, dial 7-1-1 to access telecommunications relay service. For more information on West Virginia's disaster recovery, visit West Virginia Emergency Management Division Facebook page, and Contact Greg Jordan at gjordan@ Contact Greg Jordan at gjordan@
