SBA: Guidance Announced Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
Agency Strongly Encourages Submission of Supplemental Advance Applications by December 10; All Applications Due by December 31 Today, the U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal…
SBA: Five New Regional Innovation Clusters Announced
Newly-designated Clusters Collectively Awarded $1.5M to Support Small Business Growth and Drive Innovation in Local Economies The U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the addition of five new Regional Innovation Clusters (RIC) to the portfolio of communities the agency supports through the program. RICs are geographically-concentrated networking hubs of small businesses, suppliers, service providers, and…
SBA: $44.8 Billion through Signature Small Business Lending Programs Announced
In fiscal year 2021, 7(a) and 504 loan programs provided more than 61,000 loans, but gaps in access to capital for underserved communities remain Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year (FY) 2021. “In the midst…
SBA: Community Navigator Pilot Program Grantees Announced
51 Grantees Selected Nationwide to Serve as Hubs Connecting Disadvantaged Small Businesses with Government Resources Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced grantees for the Biden-Harris Administration’s Community Navigator Pilot Program, an American Rescue Plan initiative designed to reduce barriers that all small businesses, including those owned by disadvantaged groups such as veterans, women, and those from rural communities and communities of color, often face in accessing critical support. The Community Navigator Pilot Program will provide $100 million in funding to 51 organizations that will work with hundreds of local groups to connect America’s entrepreneurs to government resources so they can recover…
SBA: New Women’s Business Center in Rochester, New York Announced
The new resource hub will increase access to opportunities and recovery solutions for women entrepreneurs in Upstate New York. The U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today the launch of a new Women’s Business Center (WBC) in Rochester, NY, which will be operated by the Urban League of Rochester, N.Y., Inc. (ULR). The new…
SBA: National Veterans Small Business Week Scheduled for November 1st through 5th
Events will highlight the Agency’s efforts to support the Nation’s Nearly 1.8 million veteran-owned small businesses through its 22 Veterans Business Outreach Centers The U.S. Small Business Administration will celebrate the entrepreneurial spirit and resilience of our veteran small business owners during National Veterans Small Business Week, Nov. 1-5, 2021. “National Veterans Small Business Week is a time…
SBA: Hurricane Ida Assistance Has Exceeded $1 Billion
SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Seven Impacted States U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused by Hurricane Ida in September….
SBA: New Women’s Business Center Launched in Tulsa, OK
A New Women’s Business Center Will Provide Resources to Help Women Entrepreneurs Start, Grow, And Expand in the Tulsa Area The U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today the launch of a new Women’s Business Center (WBC) in Tulsa, OK that will be operated by the U.S. Black Chambers Inc., in partnership with the…
SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun
Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing…
SBA: New PPP Milestone Reached with One Million Borrowers Applying for Direct Forgiveness in Less than Two Months
Administrator Guzman highlights new Direct Forgiveness Portal and other innovations as critical to accelerating reviews and approvals The U.S. Small Business Administration (SBA) reached a major milestone today as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its one millionth PPP loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or less. “We are committed to…