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The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.?The deadline to apply for a Paycheck Protection Program loan is August 8, 2020 at 11:59 pm EDT.?
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Did you know that?SBA's Lender Match tool connects small businesses with Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and other lenders? If you're considering a Paycheck Protection Program loan, get matched with a participating lender today.
Get matched?
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The COVID-19 pandemic has created uncertainty for small business owners, both in their professional and personal lives. Depending on local guidance, you may be heading back to work or continuing to run operations remotely. As you are navigating these changes, it?s important to establish a balanced and healthy lifestyle outside of work. Here are some tips from the National Institutes of Health (NIH) to help you cope.
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Join the Second Lady of the United States, Mrs. Karen Pence, the U.S. Small Business Administration, and Hiring Our Heroes for the Military Spouse Entrepreneur Summit on August 19. This virtual event features remarks from distinguished guests, military spouse small business owner spotlights, and discussions about key resources that all military spouse entrepreneurs should leverage.
Register today
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The SBA is hiring temporary employees to assist with disaster relief efforts during these?unprecedented 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
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Are you a women-owned small business (WOSB) or an economically disadvantaged women-owned small business (EDWOSB)? Visit?beta.certify.SBA.gov?to determine if you?re eligible for the WOSB Federal Contracting Program. The site includes checklists to guide you through the application process.
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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.
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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?Coronavirus (COVID-19) Task Force.?Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention.??
Learn more about the federal government's response
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Virtual Mentoring and Training?
Offices around the country may be closed to the Coronavirus 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
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