Rob Hughes

Recent Posts

Is an SBA 7(a) Loan Right for Your Small Business?

February 08, 2021 by Rob Hughes

First Federal Bank is committed to supporting our small business customers during these challenging times. In 2020, the SBA’s Paycheck Protection Program (PPP) authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Over 1,000 small businesses secured $140 million through First...

Topics: Small Business Lending, Small Business

New information on Keeping Workers Paid and Employed Act

March 20, 2020 by Rob Hughes

We finally have our first glimpse of Congress’s Keeping Workers Paid and Employed Act. What an unusual time to be in SBA lending! I hope that this will pass and become law in the next two to three weeks. Here are the highlights:

Topics: Small Business Lending, SBA Lending, COVID-19

Properly documenting SBA 7a loan deferments

March 18, 2020 by Rob Hughes

I know many of you have had SBA 7a customers calling and asking for loan deferments. Below is a guide of how to document your loan file.

Topics: Small Business Lending, SBA Lending, COVID-19

SBA Works is here to help!

March 17, 2020 by Rob Hughes

There are many SBA developments amid the Coronavirus outbreak and several changes are being made to the SBA loan program. As changes continue to unfold, I will keep you informed.

Topics: Small Business Lending, SBA Lending, COVID-19

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