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HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. [ 1 ]
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
In addition to the requirements set by the SBA, lenders will also have their own business loan requirements you must meet. There are a variety of reasons why your application may have been rejected.
Loan type. Description. Average funding timeline. SBA 7(a) loan. 7(a) loan subtypes are backed directly by the SBA. The SBA’s turnaround time is 2 to 10 business days, but approval from your ...
The Small Business Act Amendments of 1958 (Pub. L. 85–536, 72 Stat. 384, enacted July 18, 1958) withdrew Title II as part of that act and made it a separate act to be known as the "Small Business Act". Its function was and is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns".
About Tygart Technology Tygart Technology, Inc. is a Small Business Administration (SBA) certified HubZone business delivering a broad spectrum of information technology services and cloud-based artificial intelligence and biometric identification solutions to the U.S. Federal Government. Tygart’s support of the U.S. Military, Intelligence ...
To permit the waiver of District of Columbia residency requirements for certain employees of the Office of the Inspector General of the District of Columbia, and for other purposes Pub. L. 105–7 (text) 105-8: March 31, 1997 (No short title) An Act to extend the effective date of the Investment Advisers Supervision Coordination Act