SBA May Calendar l Asian Pacific American Heritage Month

Massachusetts District Office - May 2020

u s small business administration

Asian Pacific American Heritage Month

APA Heritage Month

Asian Americans and Pacific Islanders have a rich heritage thousands of years old and have both shaped the history of the United States and had their lives dramatically influenced by moments in its history. Every May during Asian American and Pacific Islander Heritage Month and throughout the year, the National Park Service and its partners share those histories and the continuing culture thriving in parks and communities today. > Read More


UPCOMING Virtual Events

Wednesday  5/6/20 at 12pm
Manage Your Business Remotely in Times of Uncertainty

Friday, 5/6/20 at 12pm - 1pm
ATA Carnets: Facilitate Duty Free Temporary Exports While Saving Time and Money

Thursday  5/7/20 at 11am - 12:30pm
Be Your Best Ambassador. Promoting Yourself and Your Brand

Friday  5/8/20 at 1pm - 3pm
Approved for a PPP Loan! And, Now What?

Monday  5/11/20 at 1pm - 2pm
Reopening Your Business: Market Research & Rebranding

Tuesday  5/12/20 at 2pm - 4pm
Understanding Cash Flow Management

Tuesday  5/12/20 at 1pm - 2pm
Reopening Your Business: Marketing Panel Discussion with Small Business Owners

Wednesday  5/13/20 at 1pm - 2pm
Reopening Your Business: Safety Policies and Examples from Business Owners

Wednesday  5/13/20 at 3pm - 4pm
2020 Tax Planning Strategies for Small Business

Thursday  5/14/20 at 1pm - 2:30pm
Reopening Your Business:Using Facebook to Connect with Customers & Market Your Business

Friday  5/15/20 at 10am - 11:30am
Restaurant and Foodservice Establishment, Practical Steps to Recovery

Tuesday  5/19/20 at 10am - 11:30am
So, You Want to Become a Consultant

Wednesday  5/20/20 at 10am - 11:30am
Multiply Your Small Business Success with Public Speaking even online

Thursday  5/21/20 at 9am - 10:30am
Government Contracting 8a Business Development

Thursday  5/21/20 at 1pm - 3pm
Protect Your Business with Copyright & Trademark

Wednesday  5/27/20 at 11am - 12:00pm
How to Live & Work Well As Entrepreneurs with Crisis & Uncertainty


Paycheck Protection Program Update

Summary of Paycheck Protection Program Round 2 data as of 5:00 p.m. EDT, Tuesday, May 5, 2020.

Lender Size

Approved Loans

Approved Dollars

>$50B in Assets 

1,119,860

$96,159,838,521

$10 B to $50 in Assets

339,110

$27,702,389,935

<$10 B in Assets 

919,087

$57,296,660,188

Total:

2,378,057

$181,158,888,644

 

 

 

# of Participating Lenders:   

5,411

 

In Round Two of the Paycheck Protection Program (April 27 - May 1, 2020), the SBA has guaranteed 2,211,791 loans For more information on Round Two loan activity, click here.

In Round One of the Paycheck Protection Program, (through April 16, 2020), the SBA guaranteed 1,661,367 loans. For more information on loan activity, click here.


PPP Frequently Asked Questions

Got your PPP funds now or waiting to receive and unsure of how to use it?  Consult with any of our resource partners by booking a virtual session today.  Visit Treasury.gov and SBA.gov regularly to stay up-to-date on the latest guidance being released.  PPP Guidance Page

For example, the Frequently Asked Questions document continues to regularly update, check out Question #40...

Question: Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?

Answer: No. As an exercise of the Administrator’s and the Secretary’s authority under Section 1106(d)(6) of the CARES Act to prescribe regulations granting de minimis exemptions from the Act’s limits on loan forgiveness, SBA and Treasury intend to issue an interim final rule excluding laid-off employees whom the borrower offered to rehire (for the same salary/wages and same number of hours) from the CARES Act’s loan forgiveness reduction calculation. The interim final rule will specify that, to qualify for this exception, the borrower must have made a good faith, written offer of rehire, and the employee’s rejection of that offer must be documented by the borrower. Employees and employers should be aware that employees who reject offers of re-employment may forfeit eligibility for continued unemployment compensation.


ECONOMIC INJURY DISASTER LOANS Agricultural Businesses ONLY

Thanks to the latest round of funds approved by Congress, SBA is accepting new #COVID19 Economic Injury Disaster Loan & Advance applications currently by agricultural businesses only. >Read more
Apply here:
sba.gov/disaster

Haven't heard back from SBA, need status?

Any applicants who did not apply in the new portal with an application number starting with a "2" are being asked to reapply NOW in the new portal currently live for agricultural businesses only in order to update their application and to obtain an application number that starts with a “3”.    SBA advises that doing so will not adversely impact the original application and its queue.    Apologies for any inconvenience!

Applicants looking for a status update may call Customer Service and ask a representative for an update: 1-800-659-2955 

Ask to speak to a “Tier II Specialist” you will be connected to a full time SBA employee. 

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WHERE DO I GO NEXT?

Please do not send the District Office any application packages, as our office is currently working virtually and we cannot guarantee staff will get to mail sent to our office.  

Please direct all other inquiries and questions to our District Office email at:

MassachusettsDO@sba.gov

FREE and confidential counseling services are available across the Commonwealth. 

 

Virtual education, training and networking sessions are happening daily.

 

Please schedule a virtual session with any of our Resource Partners below...

Email

Job Opportunities

NOW HIRING: The U.S. Small Business Administration is hiring temporary employees to assist with #COVID19 and disaster relief efforts. Bilingual language skills are a plus. Remote jobs are available nationwide. Jobs include call center customer service representative, document preparation/legal review/loan closing, and loan processing/credit analysis/mortgage underwriting. 

Learn more and apply: ow.ly/TnN850zs6WY

Center for Women & Enterprise Now Hiring

Project Manager – Central MA - COVID Recovery

This position is: – Full time for one year, with possibility to extend for one additional year

The Center for Women & Enterprise (CWE) is a nationally recognized economic development organization that supports women and veterans with small business development. We offer a dynamic, fast-paced, and intellectually stimulating environment. We provide opportunities for veterans, women entrepreneurs and women in business to increase professional success, personal growth, and financial independence. With offices in Rhode Island, Massachusetts, Vermont and New Hampshire, CWE delivers business development programs and certifies women owned businesses.
>APPLY ONLINE 

Join the SBA team: Employment opportunities to support SBA's COVID-19 pandemic response

Resource Partner Network

MSBDC

WE ARE OPEN FOR BUSINESS!

Staff are working remotely and can be reached via email or telephone. MSBDC is committed to supporting entrepreneurs during these very challenging times.

Request for Counseling

MSBDC advisors can assist businesses with disaster loan applications.

If you are not currently a client and would like to speak with a counselor, please find your region and reach out to the REGIONAL OFFICE SERVING YOU.

Berkshire Regional Office
33 Dunham Mall, Suite 103
Pittsfield, MA 01201
413-499-0933 | Fax: 413-499-3005
www.msbdc.org/berkshire

Central Regional Office
Clark University
The Carriage House, 125 Woodland Street
Worcester, MA 01610
508-793-7615 | Fax: 508-793-8890
www.clarku.edu/offices/sbdc

Northeast Regional Office  (SPANISH-SPEAKING COUNSELOR)
Salem State University
121 Loring Avenue, Suite 310
Salem, MA 01970
978-542-6343 | Fax: 978-542-6345
www.salemstate.edu/sbdc

Procurement Technical Assistance Center
Scibelli Enterprise Center
1 Federal Street, Building 1
Springfield, MA 01105
413-545-6303 | Fax: 413-737-2312
https://www.massptac.org

Southeast Regional Office
200 Pocasset Street
Fall River, MA 02721
508-673-9783 | Fax: 508-674-1929
www.msbdc.org/semass

Western Regional Office
Scibelli Enterprise Center
One Federal Street, Building 101
Springfield, MA 01105-1160
413-577-1768 | Fax: 413-737-2312
www.msbdc.org/wmass

 


SCORE BOSTON

Request for Counseling

Counseling Sessions with BOSTON SCORE CHAPTER:
If you want to speak with a counselor, SCORE is doing tele-consults. Just pick a date and time to schedule a session and enter your contact info, mentors are doing sessions by phone and Zoom video app. 

Reach out to other SCORE CHAPTERS throughout the state below.

SCORE Boston Chapter

SCORE Worcester Chapter


SCORE Northeastern Massachusetts Chapter


SCORE Southeastern Massachusetts Chapter


SCORE Western Massachusetts Chapter


SCORE Cape Cod Chapter


SCORE Rhode Island (Serving Fall River, New Bedford)

 


CWEWomen's Business Centers

 


Eastern Massachusetts Center - Boston
44 School St., Suite 200
Boston, MA 02108
info.EasternMA@cweonline.org

Central Massachusetts Center - Westborough
69 Milk St., Ste. 217
Westborough, MA 01581
info.CentralMA@cweonline.org

Veterans Business Outreach Center of New England (VBOC of NE)
132 George M. Cohan Blvd.
Providence, RI 02903
info.VBOC@cweonline.org


cape

Disclaimer: The SBA does not endorse the organizations sponsoring linked websites, and does not endorse the views they express or the products/services they offer.  All programs and services are extended to the public on a nondiscriminatory basis.