The U.S. Small Business Administration has some key changes to the Paycheck Protection Program (PPP) which will be available for a limited amount of time to ensure America’s smallest businesses get exclusive access. If you are a small business owner with fewer than 20 employees, or are self-employed; there is new information for you. Please join us for a series of webinars hosted by the U.S. Small Business Administration and Public Private Strategies Institute to hear about:
- What steps you can take now to take advantage of this special opportunity, which closes at 5:00 P.M. EST, Tuesday, March 9th, 2021
- Additional changes and recent policy announcements made by the Biden-Harris Administration
- Have your questions answered by SBA Leadership
- Saturday, Mar. 6, 2:00 p.m. ET, Veterans, Self-Employed Business Owners, Independent Contractors, Sole Proprietors, and Employers with Fewer than 20 Employees Click here to register.
- New! Saturday, Mar. 6, 4:00 p.m. ET, In Case You Missed It – General Small Business Owners Session, Click here to register. (This session will also be livestreamed on the U.S. Small Business Administration and Public Private Strategies Institute Facebook pages.)
- Monday, Mar. 8, 3:00 p.m. ET, LGTBQ Business Owners, Youth Entrepreneurs, Restaurant Owners, Click here to register.
*If you missed any of the webinars, the recordings are available here.
Cosponsorship Authorization # 21-0501-14: The SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least 24 hours in advance of this event; please send an email with subject header ACCOMMODATION REQUEST to firstname.lastname@example.org. For assistance with registration or other technical difficulties, please contact Stephan Jordan at email@example.com.
PPP Revisions to Loan Amount Calculations & Eligibility
The SBA enacted changes as announced in February that expand eligibility and further promote equitable relief for America’s mom-and-pop businesses. For example, Schedule C filers can now use gross income rather than net income when calculating the PPP loan amount. This change cannot be retroactive. Visit www.sba.gov/ppp or talk to your lender for more information.
Targeted EIDL Advance Mapping Tool
In case you missed it! Are you looking to determine if your business is potentially eligible for a Targeted EIDL Advance? A new mapping tool is available to help you determine if your business is in a low-income community, which is a requirement to qualify for a Targeted EIDL Advance.
Check the tool to see if your business address meets the low-income community eligibility requirement before applying. As a reminder, the SBA is reaching out to potential applicants to determine eligibility, so no action is needed on your part until you receive an email from the SBA. Learn more here and visit the FAQ for more information.
SBA has added the following new materials on the Shuttered Venue Operators Grant website.
As a reminder, those looking to apply for the Shuttered Venue Operators Grant will need to be registered in the U.S. government’s System for Award Management, SAM.gov.
Learn more and get registered
The SBA only communicates from email addresses ending in @sba.gov. If you are being contacted by someone claiming to be from the SBA who is not using an official SBA email address, you should suspect fraud.
More than 1,000 businesses have been certified to participate in the Woman Owned Small Business Federal Contracting Program through http://beta.certify.sba.gov. Find out if your small business is eligible for the program and learn how to get certified.
ICYMI: SBA Celebrated Black History Month – Recognizing the Resilience, Grit and Tenacity of America’s African American Small Business Heroes
Award-winning entrepreneurs Tim Porter of Appddiction Studio, LLC, Diana Lewis Jackson of Action Facilities Management, Necole Parker of Elocen Group and Tisa Clark of J.D. Clark Professional Services shared amazing advice for other aspiring business owners during SBA’s Black History Month.
Watch the archived webinar
Be Inspired: Small Business Success Story in Celebration of Women’s History Month
When Nikki Guerrero moved to Portland from Phoenix, Arizona to pursue a career in commercial photography in 1999, Mexican cuisine had not yet made a significant impact on Oregon’s food scene.
Nikki grew up making salsa and tortillas with her grandmother from Mexico and was always asked to bring the salsa to social gatherings. One day, a friend from Arizona who had just purchased a local produce and grocery store in North Portland, asked Nikki if she could supply fresh salsa from locally sourced ingredients for the store.
Federal Coronavirus Resources
State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov for updates from the White House’s COVID-19 Task Force. Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention. Visit covid-sb.org, the official federal resource website for U.S. small businesses affected by COVID-19.
Learn more about the federal government’s response
Virtual Mentoring and Training
Offices around the country may be closed due to the pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video.
Find an SBA resource partner near you