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U.S. Small Business Administration News

Web Site: http://www.sbaonline.sba.gov
409 Third Street, SW, Washington, DC 20416
Tel: (860) 240-4654 Fax: (860) 240-4659

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Update on Coronavirus Relief Options

February 15, 2021

Join the U.S. Small Business Administration (SBA) for an online panel discussion on February 25, 2021 with black-owned business owners as they share their small business stories and how they pivoted during the pandemic and utilized SBA's critical financial lifelines. You will also hear remarks from Congressional Black Caucus member Rep. Dwight Evans.
Register here.

The U.S. Small Business Administration (SBA) has approved $104 billion of Paycheck Protection Program (PPP) funds to more than 1.3 million small businesses since January 11, 2021. Highlights of this newest round of funding include: � Reaching more of the smallest businesses; 82% of all loans going to businesses requesting less than $100,000 � Reaching rural communities in a meaningful way; 28% of businesses who have received funding this round are in rural communities � Increasing partnerships with Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) who are trusted agents in extending economic relief to minority communities and underserved populations Learn how to apply for a Paycheck Protection Program Loan.
click here to learn more

If your identity was used, without your knowledge or permission, to obtain a COVID-19 Economic Injury Disaster Loan (EIDL) for which you never received any of the loan proceeds, the SBA has recently published a letter with instructions on how resolve this issue.
click here to read the letter

In case you missed it! The SBA put together a matrix that compares the Paycheck Protection Program (PPP), Shuttered Venue Operators Grant (SVOG) and the COVID-19 Economic Injury Disaster Loan (EIDL) eligibility. This matrix is designed to help you decide what is best for your small business.
Learn more here

Bad actors are using government logos in phishing emails in an attempt to steal account information. Email image links lead to websites impersonating federal agencies. Any email from the U.S. Small Business Administration (SBA) will come from accounts ending in sba.gov.

Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.