SBA: PPP Re-Opening and New Guidance Announced
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday,…
SBA: Largest Expansion of Women’s Business Centers in 30 Years Launched
20 Women’s Business Centers to Open Across America Supporting Women-Owned Small Businesses The U.S. Small Business Administration today announced grant funding and the historic launch of 20 new Women’s Business Centers (WBC) across America to serve rural, urban and underserved communities alike. The opening of the 20 new WBCs is the largest single expansion of WBCs across America in…
SBA: COVID-19 Economic Injury Disaster Loan Application Deadline Extended through December 31, 2021
The U.S. Small Business Administration today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is extended to Dec. 31, 2021. The U.S. Small Business Administration today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is…
SBA: Military Spouse Employment Partnership with the Defense Department Announced
On Dec. 9, 2020, the U.S. Small Business Administration will join the Department of Defense’s Military Spouse Employment Partnership (MSEP) for a virtual ceremony. The SBA is one of 85 new partners joining MSEP, bringing the total number of employers to 500. MSEP connects military spouses with hundreds of partner employers who commit to recruit, hire, promote and retain…
SBA: Small Business Size Standard Revisions in Five Industrial Sectors Proposed
Change Aimed at Increasing Eligibility for Contracting and Loan Programs. Public Comments Due by Jan. 26, 2021 The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in five North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting…
SBA: Election of New Chair and Vice-Chair on the Small Business Development Center Advisory Board Announced
SBA welcomes Bertica Cabrera Morris as Board Chair and Lea Marquez Peterson as Vice-Chair on the SBDC Advisory Board. The U.S. Small Business Administration is pleased to welcome the new Chair and Vice-Chair to the National Small Business Development Center (SBDC) Advisory Board. Bertica Cabrera Morris will serve as Board Chair, and Lea Marquez Peterson will serve…
SBA: Small Business Size Standard Revisions Proposed in Three Industrial Sectors
Public Comments Due January 12; Change Targeted at Increasing Eligiblity for Contracting and Loan Programs The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in three North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting…
SBA: National Veterans Small Business Week Kicks Off November 2nd
SBA hosts annual events honoring and connecting America’s 2.5 million veteran-owned small businesses to local entrepreneurial resources The U.S. Small Business Administration will celebrate veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 2-6, 2020. “National Veterans Small Business Week is the perfect time to reflect on the accomplishments of…
SBA: Historic Small Business Lending for Fiscal Year 2020 Achieved
The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by the Agency: In FY20,…
SBA: Network of Small Business Resource Partners Honored During National Small Business Week
During the 2020 National Small Business Week, the U.S. Small Business Administration honored its resource partners for their impact on local economic development and support of small business creation and growth across the nation. Additionally, all of the SBA’s Resource Partners were recognized for providing resources to small businesses as they work to sustain their operations and employees,…