SBA: Moratorium Announced on Bona Fide Place of Business Requirements for the 8(a) Business Development Program
The U.S. Small Business Administration today announced a moratorium on the requirement that participants in SBA’s 8(a) Business Development Program must establish a bona fide place of business in a specific geographic area in order to be awarded any construction contract through the 8(a) Program due to the ongoing challenges of COVID-19. The moratorium is effective August 25, 2021,…
SBA: PPP Direct Borrower Forgiveness Portal Surpasses Expectations and Accepts More than 340,000 Submissions in First Two Weeks
SBA portal significantly outpacing top PPP lenders not utilizing the Agency’s direct forgiveness tool in forgiveness submissions Since the opening of the Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal on August 4, the U.S. Small Business Administration has received more than 340,000 submissions from borrowers with PPP loans of $150,000 or less, highlighting Administrator Isabella Casillas Guzman’s priority of rushing relief to the smallest of small businesses and far exceeding expectations. In providing its new, streamlined portal, the SBA is also executing…
SBA: $2.7 Million in Grants Awarded to 14 Women’s Business Centers
Funding Aims to Help Improve Innovative Projects Aiding Women-owned Businesses Impacted by COVID-19 The U.S. Small Business Administration issued 14 grant awards of up to $200,000 each to organizations in 13 states as part of the Women’s Business Centers (WBC) Resiliency and Recovery Demonstration Grant under the SBA’s Office of Women’s Business Ownership (OWBO). The purpose of the grants is…
SBA: Grants Awarded to 33 Organizations to Help Underserved Communities Succeed with the Small Business Innovation Research Program
The U.S. Small Business Administration issued 33 grant awards up to $125,000 each for specialized training, mentoring, and technical assistance for research and development (R&D)-focused small businesses under the Federal and State Technology (FAST) Partnership Program. FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs for underserved communities…
SBA: Plan Announced to Open Supplemental Grants for Shuttered Venue Operators Grant Applicants
All potential SVOG applicants encouraged to apply Today, the U.S. Small Business Administration is announcing a call to all eligible Shuttered Venue Operators Grant (SVOG) applicants seeking economic aid for live entertainment small businesses, nonprofits, and venues. New applications will be accepted until 11:59 p.m. PT on Friday, August 20, 2021. The SVOG program has so far…
SBA: $150,000 Announced to Fund Women’s Business Center in Tulsa, OK
The U.S. Small Business Administration announced the availability of $150,000 for a new grant opportunity for established and aspiring Women’s Business Center host organizations to provide outcome-oriented business services for women entrepreneurs in Tulsa, Oklahoma. The purpose of this funding opportunity is to provide grant dollars for one nonprofit organization to start a new, community-based Women’s Business…
SBA: National Small Business Week Virtual Summit Announced for September 13-15
SBA to Host Three-Day Live Summit of Learning and Online Education Sessions for Small Businesses The U.S. Small Business Administration has announced its 2021 National Small Business Week Virtual Summit for September 13-15, 2021. This year’s events will spotlight the resilience of America’s entrepreneurs and the renewal of the small business economy as they build back better from the economic…
SBA: Contributions of Small Businesses Recognized as SBA Celebrates Nearly 70 Years of Service to America’s Entrepreneurs
The U.S. Small Business Administration today marks 68 years of service as a voice for America’s 30 million small businesses and innovative startups. For nearly seven decades, the SBA has been a part of the small business journey for business owners and entrepreneurs, helping them start, grow, expand, and recover from disasters. “Since our founding in 1953,…
SBA: Up to $300,000 Announced to Fund Women’s Business Centers in Puerto Rico
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico. The White House recently held a Working Group meeting that SBA Administrator Isabel Casillas Guzman attended to…
SBA: Opening of Paycheck Protection Program Direct Forgiveness Portal Announced
New portal will streamline applications for loans $150K or less for over 6.5 million businesses The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. “The SBA’s new streamlined application portal will simplify forgiveness for…