 The Paycheck Protection Program has helped millions of small businesses recover from the economic impacts of the pandemic. SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies, SBA Microlenders, Community Development Financial Institutions, and Minority Depository Institutions until May 31, 2021 or until remaining funds are exhausted. Please note that not all community financial institutions are participating in PPP. Apply for a first or second draw PPP loan.
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Earlier this week, SBA announced it is accepting applications for the new Community Navigator Pilot Program, which is open to nonprofit organizations, state, local, and tribal governments, SBA resource partners, and other community organizations. Watch a video of SBA Administrator Isabella Casillas Guzman announcing the program.
Competitive grant awards will range from $1 million to $5 million for a two-year performance period. Applicants have until July 12 to submit their applications at grants.gov. On June 2 at 3pm ET, SBA will conduct a technical webinar to provide potential applicants important information about the Community Navigator Pilot Program. Register for the webinar.
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SBA is currently accepting applications for the Shuttered Venue Operators Grant. To submit an application, visit sba.gov/svogrant.
Administrator Isabella Casillas Guzman will be the featured speaker at the Veterans Entrepreneurship Through Acquisition first annual national symposium of veteran buyers and sellers, capital sources, service providers, business schools and supporters of veteran ETA. This inaugural program will feature successful veteran sellers and buyers, highlighting war stories and lessons learned; discuss available financing sources; the challenges of accessing that capital; and launch a national network of interested parties supportive of veteran ETA.
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Thanks to the Veterans Small Business Enhancement Act of 2018, Public Law No. 115-416, eligible small businesses owned and controlled by veterans can now obtain federal surplus property through the program. Surplus property includes vehicles, office equipment, and tools that the federal government no longer needs.
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Veterans Small Business Advisory Committees Virtual Public Meetings
The U.S. Small Business Administration's Interagency Task Force on Veterans Small Business Development and Advisory Committee on Veterans Business Affairs will hold virtual public meetings on June 2 and 3, respectively, via Microsoft Teams.
Each quarter, the advisory committees convene to discuss the challenges faced by the veteran small business community as well as to recommend advice and policy changes for the SBA, Congress, the President, and other policy makers to ensure our Nation’s heroes are supported throughout their entrepreneurial journey.
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Be Inspired: Small Business Success Story
During Asian American and Native Hawaiian/Pacific Islander Heritage Month, we’re highlighting inspiring small business owners like Sridhara Gutti who are making a big impact on the economy and their communities.
Sridhara Gutti started Essnova Solutions as a home-based business focusing on geospatial technologies in 2005. Gutti later branched out into government and professional services. But bidding on public projects can be daunting. One of Gutti’s biggest obstacles was figuring out the government contracting process.
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Small Business Tax Credit Programs
Did you know that the American Rescue Plan extends a number of critical tax benefits, particularly the Employee Retention Credit and Paid Leave Credit, to small businesses?
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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
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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
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