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Illustration of a main street & the following text, National Small Business Week, September 13-15, 2021, celebrating resilience & renewal [ [link removed] ]

 

National Small Business Week kicks off on Monday, September 13! There is still time to register for the National Small Business Week Virtual Summit*,* September 13 – September 15, to learn new business strategies, meet other business owners, and chat with industry experts. The SBA also recently *announced a list of guest speakers [ [link removed] ] *including, but not limited to, entrepreneur Mark Cuban, Chef José Andrés, and White House Senior Advisor and Director of the Office of Public Engagement Cedric Richmond.

National Small Business Week is made possible, in part, due to the support of companies and organizers who serve as co-sponsors. The 2021 co-sponsors have joined the SBA to honor the nation’s 32.5 million small businesses for their perseverance, ingenuity, triumphs, and creativity. See the *list of co-sponsors* [ [link removed] ].

*Register for the virtual summit [ [link removed] ]*

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eidl [ [link removed] ]

 

On September 9, 2021, Administrator Isabella Casillas Guzman announced the following major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program.


* *Increasing the COVID EIDL Cap.* The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.
* *Implementation of a Deferred Payment Period.* The SBA will ensure small business owners will not have to begin COVID EIDL repayment until two years after loan origination so that they can get through the pandemic without having to worry about making ends meet.
* *Establishment of a 30-Day Exclusivity Window.* To ensure main street businesses have additional time to access these funds, the SBA will implement a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less. Approval and disbursement of loans over $500,000 will begin after the 30-day period.
* *Expansion of Eligible Use of Funds.* COVID EIDL funds will now be eligible to prepay commercial debt and make payments on federal business debt.
* *Simplification of affiliation requirements.* To ease the COVID EIDL application process for small businesses, the SBA has established more simplified affiliation requirements to model those of the Restaurant Revitalization Fund.

To learn about eligibility and application requirements and how to apply, visit *sba.gov/eidl [ [link removed] ]*. The last day that applications may be received is December 31, 2021. *All eligible applicants should file their applications as soon as possible.*

*Learn more [ [link removed] ]*

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SBA Disaster Loans Check disaster declarations Apply for a disaster loan Check your status [ [link removed] ]

 

Small businesses in *New York [ [link removed] ]*and *New Jersey* [ [link removed] ] impacted by the remnants of Ida can now apply for SBA disaster assistance. Contact the Customer Service Center for help with your application at 1-800-659-2955 (TTY/TDD: 1-800-877-8339) or [email protected].

*Apply for assistance [ [link removed] ]*

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Illustration of a laptop with text that includes, PPP Forgiveness Portal [ [link removed] ]

 

Paycheck Protection Program borrowers: If your loan is $150,000 or less, you may be eligible to apply for direct forgiveness through SBA using our *online portal [ [link removed] ]*. Follow the steps below.


* *Find out [ [link removed] ]* if your lender is participating. 
* Watch a *video [ [link removed] ] *about how to use the portal.
* *Apply [ [link removed] ]* for forgiveness.

For additional information, visit the* SBA website* [ [link removed] ].

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Text: Help businesses fully reopen. Get vaccinated. Find vaccines near you at vaccines.gov. Illustration: businesses on main street [ [link removed] ]

 

Thanks to vaccines, small businesses across America have opened back up. Keep the momentum going by getting vaccinated. *Find a vaccine provider near you [ [link removed] ]*. Learn how businesses can *get tax credits [ [link removed] ]* for allowing employees to get vaccinated. 

*Learn more [ [link removed] ]*

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SBA Surety Bond Guarantee Program [ [link removed] ]

 

Do you own a small business in the construction or service industry? There's a good chance you'll need a surety bond for public contracts. SBA guarantees bid, performance and payment surety bonds issued by certain surety companies. Watch this short *video [ [link removed] ]*to learn more about the *SBA Surety Bond Guarantee Program* [ [link removed] ].

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Photo of a Stephanie Lewis with the following text, ChallengeHER webinar about federal contracting on September 23, 2021 at 2pm EDT [ [link removed] ]

 

Thinking about government contracting opportunities for your small business? Register for the ChallengeHER webinar on September 23, 2021 for information and resources to help you get started. 

*Register [ [link removed] ]*

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