On March 15, 2022, the SBA announced additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program borrowers for a total of 30 months deferment from inception on all approved COVID EIDL loans. The extended deferment period will provide additional flexibility to small business owners impacted by the pandemic, especially those in hard-hit sectors managing disruption with recent variants, as well as recent supply chain and inflation challenges amid a growing economic recovery.
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Thursday, March 17, 2022 marked the one year anniversary of Isabella Casillas Guzman being sworn in as the 27th Administrator of the SBA. While she has led the SBA, the economy has grown at its fastest rate in decades. And, job creation and new business applications have reached record highs. For more highlights on the past year, watch this video from Administrator Guzman.
ICYMI: Administrator Guzman’s Instagram Live with Entrepreneur Jeni Britton of Jeni’s Splendid Ice Creams
In celebration of year one at the SBA, Administrator Isabella Casillas Guzman sat down with Jeni Britton of Jeni’s Splendid Ice Creams to talk about what drives women entrepreneurs, advice for businesses starting out, and how the SBA helped Jeni along her entrepreneurship journey.
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 Join the U.S. Small Business Administration on March 31, 2022 for an online event celebrating Women’s History Month. You will hear from industry experts including Natalie Madeira Cofield, SBA Assistant Administrator for the Office of Women’s Business Ownership; Candace Waterman, President and CEO of the Women Impacting Public Policy (WIPP); Alisa Sheard, SBA Acting Deputy Director for the Office of Government Contracting; and Michelle Sherod, President and CEO of Accounting Legal & Logistics Solutions, Inc.
The discussion will focus on financial wellness for women-owned small businesses, the importance of increasing equity and access to opportunities that help uplift and support women entrepreneurs, and SBA initiatives and resources that support existing women-owned small businesses and new startups as they pivot and grow in a post-COVID world.
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In celebration of Women’s History Month, join the SBA's Office of Women’s Business Ownership and the Nasdaq Entrepreneurial Center for the virtual Women’s Business Summit on March 29-30, 2022. The free event will include power-packed panels, inspirational fireside chats, and 'Ask an Expert' workshops to help you build, scale, and grow your business. Panels and discussion topics include:
- Innovation and Investment
- Building an Equitable Recovery Framework for Women Entrepreneurs
- From Essential Worker to Essential Entrepreneur: CARE Economy Entrepreneurship Opportunities
- The $100B Marketplace: Contracting Opportunities for Women-led Firms
- Exporting & E-Commerce
- The Changing Landscape for Entertainment and Hospitality Industries
Register
Get Inspired: Small Business Success Story
In celebration of Women's History Month, we are highlighting small business owners like Christy Clark who is making an impact on the economy and her community. For years, Clark struggled as a single mother, moving dozens of times to escape an abusive relationship and to protect her family. Sixteen years ago, she moved to Bardstown, Kentucky, opening an antique and sewing shop with her mother and daughter.
The business evolved into Mammy's Kitchen & Bar, a full-service restaurant and bar. The home cooking and family atmosphere were a hit with locals and tourists and the business quickly grew. For guidance on what to do next, Clark reached out to her local Small Business Development Center, which helped her develop a plan and find capital to expand the business to a bigger, renovated space.
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National Small Business Week 2022
Save the date! National Small Business Week: Building a Better America Through Entrepreneurship will take place May 1-7, 2022. The virtual summit will acknowledge small businesses from across the country for their resilience, ingenuity, and creativity. It will also recognize SBA partners for their involvement in entrepreneurial development, disaster recovery, government contracting, financial development, and overall support for small businesses and entrepreneurship.
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If you own a small business in the construction or service industry, you may need a surety bond. SBA-backed surety bonds can help you compete for larger contracts and grow your business.
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 Join the IRS for a series of online meetings in March (divided by location/states) for small business organizations and owners. The meetings will include:
- Presentations from IRS leadership covering the top tax issues affecting small business owners regarding income, deductions, employment taxes and recordkeeping
- How to get ready for the 2022 filing season
- Tax scams targeting small businesses
- How the IRS is reorganizing to better serve small business taxpayers
- Listening session to hear concerns, feedback and suggestions from participants
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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. Follow the steps below.
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Find out if your lender is participating.
- Watch a video about how to use the portal.
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Apply for forgiveness.
For additional information, visit the SBA website.
Thanks to vaccines, small businesses across America have opened back up. Keep the momentum going by getting vaccinated. Find a vaccine provider near you.
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