Get the Latest Small Business News in this Newsletter
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Jovita Carranza
SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP
Today, U.S. Small Business AdministrationAdministrator Jovita Carranzaannounced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP).
*Learn more [ [link removed] ]*
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Paycheck protection program, PPP
SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program
The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:
* Are self-employed and have no employees; OR
* Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
* Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.
*Learn more [ [link removed] ]*
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SBA Presents Recovery and Resilience for Faith Based Communities (Virtual Event)
Join the SBA Recovery and Resilience Access Live event on June 22 at 5:00 pm EDT for the faith-based communities across America. Faith-based leaders, members and faith-based non-profits are welcome to join this call, which is open to the public. The call will highlight current resources available to you during these unprecedented times.
* *Listen live [ [link removed] ]*
* *Listen to the livestream [ [link removed] ]* or call *833-380-0652* to be connected to the interactive call
* *Listen live on SBA's Facebook Page [ [link removed] ]*
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Pride Month
SBA's Network for LGBT businesses aims to bring focus on economic empowerment in the LGBT business community by providing access to the SBA's programs and services. The SBA conducts outreach to be more inclusive of LGBT business owners, and our staff welcomes and recognizes the importance of greater inclusion at all levels and in all communities.
*Learn more [ [link removed] ]*
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Join the SBA team: Employment opportunities to support SBA's COVID-19 pandemic response
The SBA is hiring temporary employees to assist with disaster relief efforts during theseunprecedented times. The positions include:
* Call Center Customer Service Representative
* Document Preparation/Legal Review/Loan Closings
* Loan Processing/Credit Analysis/Mortgage Underwriting
* Program Support
*Apply today [ [link removed] ]*
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Associate Administrator of the Office of Entrepreneurial Development Allen Gutierrez
How the SBA is Helping Small Businesses during the Coronavirus Pandemic (Video)
In a segment on Government Matters (DC), SBA Associate Administrator for the Office of Entrepreneurial Development, Allen Gutierrez discussed how the SBA is helping small businesses during the coronavirus pandemic. Gutierrez said the SBA is working 24/7...in helping small businesses. He said the Office of Entrepreneurial Development is a key component in helping entrepreneurs start, grow, and expand. He added there has been a pivot with the pandemic, adding there has been additional funds through the CARES Act.
*Watch now [ [link removed] ]*
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Barb Carson
ChallengeHER Webinar: Update on the WOSB Federal Contracting Program
Join us for this free webinar on June 25 at 2:00 pm ET featuring special guest, Barbara Carson, Deputy Associate Administrator for the Office of Government Contracting at the SBA for the latest information on the changes in the Women-Owned Small Business (WOSB) Federal Contract Program. Changes to the program begin July 15, and this webinar will help you prepare to engage with the new rules.
*Register today [ [link removed] ]*
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CMS logo
*New HRA Webinar Series for Small Businesses*
Learn about new HRA health insurance options for employers of all sizes to provide employees with tax-preferred funds to pay for qualified medical expenses, including the cost of health insurance coverage purchased in the individual market or Medicare. Register for the webinars hosted by the Centers for Medicare & Medicaid Services on June 24 and July 15 at 1:00 pm ET to learn more.
*Register today [ [link removed] ]*
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IG logo
Beware of Scams and Fraud Schemes
The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times. *_Be on the lookout for grant fraud, loan fraud, and phishing_**.*
*Learn more [ [link removed] ]*
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government contracting icon
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 [ [link removed] ]* for updates from the White House'sCoronavirus (COVID-19) Task Force.Go to *cdc.gov [ [link removed] ] *for detailed information about COVID-19 from the Centers for Disease Control and Prevention.
*Learn more about the federal government's response [ [link removed] ]*
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mobile phone
Virtual Mentoring and Training
Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers,Womens Business Centers, and 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 [ [link removed] ]*
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U.S. Small Business Administration
409 3rd St, SW. Washington DC 20416
www.sba.gov [ [link removed] ]
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