In response to the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020, the U.S. Small Business Administration (SBA) posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application. In addition to revising the full forgiveness application, SBA also published a new “EZ version” of the forgiveness application. “These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan,” states the SBA’s official press release.
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Tag Archives: SmallBusiness
SBA Reopens Economic Injury Disaster Loan and Advance Program for Small Businesses, Non-profits
The U.S. Small Business Administration (SBA) announced today that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible U.S. small businesses, private non-profit organization or 501(c)(19) veterans organizations, who are experiencing economic impacts due to COVID-19. The EIDL program, established by the CARES Act, offers long-term, low interest assistance that can alleviate temporary loss of revenue and help cover payroll and inventory, pay debt or fund other expenses.
Know the Rules of the GameⓇ Podcast for Small Business Sustainability
Welcome to Know the Rules of the GameⓇ Podcast for Small Business Sustainability with your host Desiree Patno, CEO & President of Women in the Housing & Real Estate Ecosystem (NAWRB). Small businesses are more sustainable when they secure, protect, diversify and invest their resources efficiently.
Business owners have to be proactive in protecting their resources from internal and external threats, plan for short and long term revenue, and adjust with company governance. In this episode, Desiree shares the ebb and flow of running her own businesses, and what she wishes she knew when she was younger.
New Regulations for the SBA’s Women-Owned Small Business Federal Contracting Program
Today, the U.S. Small Business Administration (SBA) published new regulations for its Women-Owned Small Business Federal Contracting program that will provide women-owned small businesses and economically-disadvantaged women-owned small businesses with a free, online certification and eligibility process. The implementation of the new changes has been delayed to July 15, 2020, to accommodate those that are currently affected by the COVID-19 pandemic.
SBA Funding Competition for Training Women Veteran Entrepreneurs – Deadline: March 17th
The U.S. Small Business Administration (SBA) announced that nonprofit organizations, state and local agencies, and higher learning institutions are eligible to compete for funding up to $300,000 for delivering entrepreneurship training to women service members, women veterans and women military spouses.
Up to six awardees will receive a total of the aforementioned funding amount in grants administered by the SBA’s Office of Veterans Business Development for participating in the Women Veteran Entrepreneurship Training Program. The funds are intended to cover costs of education women service members, women veterans and women military spouses who are currently or interested in starting their own business.
NAWRB Comments on SBA’s Proposed Receipts-Based Size Standards
Women in the Housing & Real Estate Ecosystem (NAWRB) appreciates the opportunity to comment on the U.S. Small Business Administration (SBA)’s Proposed Rule, Small Business Size Standards: Calculation of Annual Average Receipts.This new proposed rule will modify how the SBA calculates annual average receipts in determining size standards for certain industries, including retail trade, agricultural and construction industries. Specifically, the proposal states that the agency intends to change its size standards from a three-year averaging period to a five-year averaging period for calculating annual average receipts for all receipts-based size standards.
Companies with the Best Outlook in 2019
Comparably, a platform that provides comprehensive data on work culture for companies across the United States, just released their Best Company Outlook Awards 2019. The annual awards highlight companies with the best outlook, who are ranked by employee ratings regarding how they feel about the company’s future and whether they would recommend the company to a friend.
Celebrate National Veterans Small Business Week, Nov. 5-9th
With Veterans Day fast approaching, Americans are honoring the brave men and women who have not only served to protect our country but are now invaluable contributors to the community and economy. Next week, from November 5th to 9th, the U.S. Small Business Administration (SBA) will be celebrating the of accomplishments veteran entrepreneurs, as well as service member and military spouse small business owners, during National Veterans Small Business Week.
Federal Reserve Releases 2017 Small Business Credit Survey
The Federal Reserve recently released their 2017 Small Business Credit Survey, a national collaboration among the 12 Federal Reserve Banks, providing prudential information on small businesses’ performance, debt and credit experiences from the third and fourth quarter of last year. Findings show an increase in reported revenue growth and profitability, as well as financial difficulties in some firm segments.