REVISED EDITION: SBA Buffalo District Newsletter - May 2020 Edition

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Buffalo District Office  - May 2020

u s small business administration

From the Director's Desk


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Recently released Paycheck Protection Program (PPP) Loan Forgiveness Application

The Small Business Administration, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.  Visit our website to learn more


Black Button Distilling Moves into Fast Lane for Growth with SBA Loans; Paycheck Protection Program

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Owner, Jason Barrett Switches Gears Amid Pandemic; Save Employees

Over the past eight years, Jason Barrett has received 5 SBA loans, rapidly growing his business, and being named to Inc. Magazine’s Top 5,000 list in 2018.  Black Button Distilling earned the rank of number 2020 on the list, making it the fastest growing distillery in the North East. 

 

There are numerous talents that go into being a successful entrepreneur.  One of them, says head distiller Jason Barrett, is read full story here.


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Do you know about the upcoming changes to the WOSB Federal Contracting Program certification process?

  • The WOSB and EDWOSB certification process changes will now be implemented October 15, 2020.
  • Between now and July 15, 2020, certified WOSBs and EDWOSBs must download their documentation from the WOSB Program Repository on certify.sba.gov.

Learn more


Follow us on Twitter @SBA_Buffalo

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SBA Resource Partners are Open for Business

SCORE, Small Business Development Centers, Women’s Business Centers, and other resource partners are providing free business mentoring and training by phone, email, and video.  Find an SBA Partner! 

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Coronavirus tips for small businesses:  1.)  Encourage sick employees to stay home.
2.)  Instruct employees to wash their hands often with soap and water.  3.)  Routinely clean frequently touched surfaces and objects. https://www.sba.gov/coronavirus

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Changes are coming to HUBZone 

Changes are coming to HUBZone, the program for businesses located in historically underutilized business zones.

 


The U.S. Small Business Administration makes the American dream of business ownership a reality for millions of Americans.  As the only go-to resource and voice for small business backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster.  The SBA delivers services through an extensive network of field offices, located throughout ten different regions of the country