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Today, the SBA announced the following updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available:
* *EIDL loan and Targeted Advance applications*?will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
* *Supplemental Targeted Advance applications*?will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The SBA cannot continue to process Supplemental Targeted Advance applications after December 31 and strongly encourages eligible small businesses to apply by December 10 to ensure adequate processing time.
* *Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date*, or until the funds are exhausted, whichever is soonest.
* *The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31*?if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals ? unless funding is no longer available.
The COVID EIDL and EIDL Advance programs still have billions of dollars available to help small businesses hard hit by the pandemic. More than 3.8 million businesses employing more than 20 million people have found financial relief through SBA?s Economic Injury Disaster Loans.
*Learn more [ [link removed] ]*
*Apply today [ [link removed] ]*
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Illustration of a main street with small businesses and the following text, Small Business Saturday, November 27, 2021 [ [link removed] ]
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*Save the date!?*Administrator Isabella Casillas Guzman encourages Americans to Shop Small on *Small Business Saturday?, November 27, 2021 [ [link removed] ]*, in support of their local businesses and Main Street economies. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make an impact in their neighborhoods by supporting local small businesses from nearly every sector ? from manufacturing to e-commerce, to Mom-and-Pop shops on Main Street. The day is designed to support local businesses that create jobs, boost the economy, and enliven neighborhoods around the country.
*Learn more [ [link removed] ]*
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Illustration of a trophy with the following text, 2022 National Small Business Week Awards. Now accepting nominations. Visit sba.gov/nsbw [ [link removed] ]
Throughout the pandemic, the American entrepreneurial spirit has helped us propel our nation forward. America?s small businesses are helping build back the U.S. economy and we would like to honor these individuals for their resiliency and achievements during SBA?s 2022 National Small Business Week.
If you or someone you know has an inspiring small business success story to tell, submit a nomination for the SBA?s National Small Business Week Awards. All nominations must be submitted electronically no later than 3:00 p.m. ET on January 11, 2022. Winners will be announced during National Small Business Week in May 2022.
*Learn more [ [link removed] ]*
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The SBA logo & a quote box with the following text, SBA's customer service & communication on COVID-19-related relief programs. Give us your feedback! [ [link removed] ]
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We want to hear from you. SBA invites you to participate in a survey to assess your satisfaction with SBA?s customer service and communication on COVID-19 related grant and loan relief programs. The results will be used to monitor and improve SBA relief effort effectiveness. The survey will take about 15 minutes to complete for each program that you obtained financial assistance.
*Take the survey [ [link removed] ]*
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Photo of four people with the following text, SBA Celebrates National Native American Heritage Month on November 30, 2021 at 1 pm EST [ [link removed] ]
Join the SBA on November 30, 2021?for an online panel discussion with Native American business owners who will share their small business stories, how they pivoted during the pandemic, and the SBA resources they used to start and grow their businesses.
*Register [ [link removed] ]*
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SBA and PPSI logos [ [link removed] ]
The SBA and Public Private Strategies Institute have teamed up to provide small business owners with a series of webinars that will cover resources to help small businesses grow and thrive. Join us for the next session on *Wednesday, December 1, 2021 at 2:00 p.m. ET: Resources and Relief for Your Small Business - Access to Capital.*
During this webinar, you will:
* Learn more about COVID EIDL and how you can take advantage before December 31, 2021
* Discover tools and resources you can use to start and grow your business
* Have your questions answered by SBA leadership and small business experts
* Learn how you can become a vaccine leader in your community
* Get an update regarding programs and recent policy announcements made by the Biden-Harris Administration
*Register [ [link removed] ]*
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Illustration of a laptop with text that includes, PPP Forgiveness Portal [ [link removed] ]
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*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] ]
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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 more [ [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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