 ?
The SBA began accepting applications for the Restaurant Revitalization Fund (RRF) on Monday, May 3.?In the first two days of the RRF application window, the SBA has received:?
- 186,200 applications from restaurants, bars, and other eligible businesses in all 50 states, Washington, D.C., and five U.S. Territories.?
- 97,600 applications of which came from restaurants, bars, and other eligible businesses owned and controlled by women (46,400), veterans (4,200), socially and economically disadvantaged individuals (30,800), or some combination of the three (16,200).?
- 61,700 applications from businesses with under $500,000 in annual pre-pandemic revenue, representing some of the smallest restaurants and bars in America.??
The SBA is still accepting applications.?For more information and how to apply, visit sba.gov/restaurants.?
 ?
The SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies (CDCs), SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) until May 31, 2021 or until remaining funds are exhausted. Please note that not all community financial institutions are participating in PPP.
Learn more
 SBA and Public Private Strategies Institute are providing several educational opportunities for you to learn more about programs that will help your business get back on track. On Tuesday, May 11 at 1pm ET, the Office of International Trade will present a webinar on programs that could help your business grow by connecting you with international trade opportunities.?
Join SBA, Public Private Strategies Institute, and?other stakeholders to hear about:
- Steps you can take now to connect to the Office of International Trade
- What SBA exporting assistance programs your business may qualify for?
- International trade success stories?
Register for the webinar
 ?
May is World Trade Month and the SBA has teamed up with partnering organizations to offer webinars all month to help small business owners gain valuable insights on strategies for international sales success. All webinars begin at 2:00 p.m. EDT.
-
May 12 | SBA Support for Commercializing Innovation | Register here
-
May 18 |?Going Global with Trade Agreements | Register here
-
May 20 | Utilizing eCommerce Tools to Drive Global Sales | Register here
-
May 25 | Business Beyond Borders: Commemorating World Trade Month | Register here
-
May 27 | Logistics of Growing Global eCommerce |?Register here
 ?
The SBA is currently accepting applications for the?Shuttered Venue Operators Grant. To submit an application, visit sba.gov/svogrant.
 ?
Save the date!?The SBA will host an online panel discussion on May 27, 2021 with Asian American/Pacific Islander-owned small businesses as they share their small business stories and how they pivoted during the pandemic and utilized SBA?s critical financial lifelines.?
The SBA will also share resources available to help AAPI entrepreneurs launch new businesses, compete in the marketplace, and connect with the training and funding opportunities to help recover and rebuild.?
Registration will be available soon.
Be Inspired: Small Business Success Story
During Asian American and Native Hawaiian/Pacific Islander Heritage Month, we?re highlighting inspiring people like Lisa Chin who are making a big impact on the economy and their communities.
In 1988, a group of Seattle-based social workers founded the nonprofit organization Treehouse on the belief that kids in foster care deserve a community that is committed to their success. Funded by bake sales and car washes, they started small, purchasing little things such as birthday presents and school supplies.
Learn more
|
Webinar: How to Market Your Federal Contract
May 13 | 2:00 p.m. EDT
There are many opportunities available in the federal procurement market. Developing a federal marketing and sales strategy can help you achieve success in the federal sector.?Join the U.S. General Services Administration for a webinar about tips on creating a federal marketing strategy.
Register?
|
 ?
The SBA recently launched the Shuttered Venue Operators Grant and Restaurant Revitalization Fund. Bad actors may take this opportunity to impersonate lenders or government officials in emails, robocalls, social media accounts and phony websites. Their goal is to attract victims and commit fraud, scams and schemes. The result is financial or personally identifiable information (PII) loss for the victims.?
As a reminder,?the SBA directly communicates from email addresses ending in @sba.gov. The SBA also communicates via email updates/notifications using an email marketing platform, (the same one you are receiving this newsletter from). Those emails end in @updates.sba.gov.
If you applied for the Shuttered Venue Operators Grant and emailed the SVOG Support Center, you may receive an email back from a zendesk.com account. This is an authorized SBA contractor.
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.?To report potential fraud, visit sba.gov/covidfraudalert.
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
|
|
