PPP Application Deadline is June 30th- Apply Today! Plus More Recovery News!

June 2020

u s small business administration
Ashley Bell

 

Ashley D. Bell

Region IV Administrator, U.S. Small Business Administration

Entrepreneurship Policy Advisor for the White House Opportunity & Revitalization Council

 

We have had the honor of hosting two tele town halls that have been informative and have brought together lenders, music influencers, elected officials, faith based leaders and community leaders and many more to bring tools for recovery to our nation's entrepreneurs. If you missed either call, please find a link to them below.

100k Strong

Listen to the Access Live Call Here


Faith Based

Listen to the Access Live Call Here


Now is the time to take action for your small business. Deadlines are nearing and opportunities will come to a close for funding to assist in recovery efforts. The time is now to take action. Please consider the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL) for your recovery efforts. Please note that PPP will close on June 30th. 

The Economic Injury Disaster Loan (EIDL) and EIDL Advance application portal is now open to all eligible small businesses, non-profits, and agricultural businesses impacted by COVID-19


To further meet the needs of small businesses and non-profits, the SBA has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants still experiencing economic impacts due to COVID-19.

SBA’s EIDL program offers long-term, low interest assistance for a small business or non-profit organizations. These loans can provide vital economic support to help alleviate temporary loss of revenue. EIDL assistance can be used to cover payroll and inventory, pay debt or fund other expenses that are not already covered by a Paycheck Protection Program loan. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. To keep payments affordable for small businesses, SBA offers loans with long repayment terms, up to a maximum of 30 years. Plus, the first payment is deferred for one year. Additionally, the EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid. The EIDL program will remain open until the funds are depleted or until 12/30/20. 

For additional information or to apply, please visit the SBA disaster assistance website at SBA.gov/Disaster.

 Paycheck Protection Program:

The SBA is also assisting small businesses and non-profits with access to the federal forgivable loan program, the Paycheck Protection Program, which is currently accepting applications until June 30, 2020.

Please visit sba.gov for further information and for a current list of participating PPP lenders. Your local SBA office may also assist you.

Note: Eligible businesses may apply for both EIDL and Paycheck Protection Program (PPP) loans.

 


Connect easily with Community-Focused Lenders

Still looking for capital for your small business? Want to find a smaller community-focused lender to help? SBA relaunched and revamped its LenderMatch tool to help you do just that.  

Whether you're looking for a Paycheck Protection Program loan or another traditional SBA-backed loan, complete a short LenderMatch intake form and  interested community-focused lenders will contact you within two days. 

An added benefit: If you get an SBA-backed loan before September 27, the SBA will pay the principal, interest, and fees for six months.


Please Welcome Eric Johnson, Marketing & Outreach Specialist, to the SBA Region IV Team

 

Eric Johnson

Eric Johnson, SBA Region IV Marketing & Outreach Specialist was a recent client of SBA’s SCORE program, in his role as the CEO of a specialty golf cart shuttle company that he founded which served markets throughout the Southeastern USA.  He expounds that he has always had a passion for marketing innovation and small business development in non-traditional/emerging markets ever since he was a Marketing Major at Cleveland State University, Cleveland, Ohio. After he earned his Bachelors of Business Administration there, he came to Georgia where he gained much experience  as a marketing professional, consultant for small businesses/organizations and outreach director for non-profits.  He is currently transitioning his life with his new wife and family between their homes in Virginia and Georgia.

Local News From Your

SBA District Office


Thomas Todt

Alabama District Office

Thomas (Tom) Todt, District Director

As states begin to reopen, money is once again flowing into the economy. SBA resource partners in Alabama have continued to serve clients remotely through webinars, conference calls and 1:1 phone sessions. Now is a good time to review your business plans in light of all the changes we have undergone in the last couple of months, and SBA resource partners are available to help.  Please visit our website at www.sba.gov/al or follow us on twitter @SBA_Alabama for upcoming events to participate as we continue to recover together.


Gil Colon

North Florida District Office

Gil Colon, Deputy District Director

The North Florida District would like to welcome Annie Grogan to the team! She was hired on recently as a Marketing and Outreach Specialist with the North Florida District Office. Annie has an extensive  background in human resource management. In the Jacksonville market, she is best known for her work as founder and CEO of The H.I.L.L. of Northeast Florida, the first and only nonprofit, 501(c)(3) focused on professional, and workforce development targeted at the Latino labor force in the region. Annie also served as a Consultant with the Small Business Development Center at the University of North Florida in Clay County. Annie is veteran of the U.S. Army.  

Annie Grogan

Welcome to SBA, Annie Grogan, Marketing and Outreach Specialist with the North Florida District Office


Victoria Guerrero

South Florida District Office

Victoria Guerrero, District Director

 

This month, we would like to recognize two employees who recently joined the South Florida District Office staff to assist in disaster relief efforts.

 

Juwauana Williams

Juawana Colbert-Williams, Outreach and Marketing Specialist

During her 14+ year career in Economic Development, Juawana recruited companies helping them expand their footprint into new areas that she marketed. Her efforts resulted in over $1B of investments into the communities she represented. In 2017, Juawana was recognized as one of the “Top 50 Economic Developers in the Country” by Consultant Connect.

She holds a BS in Business Management from Northwood University, and is a graduate of the Economic Development Institute at the University of Oklahoma. A Los Angeles native, Juawana enjoys spending time with her husband and children, volunteering, event planning, reading, and exploring new restaurants. 

Alyn

Alyn Fernandez, Outreach and Marketing Specialist

Alyn is a strategic and analytical professional with extensive experience in the private sector with new business development, government relations, customer service, communications, and psychology.

She began her professional career as a mental health counselor throughout South Florida, working with at-risk-youth. Prior to joining the SBA, Alyn directed the daily operations and team of seven staffers for Senator Marco Rubio's South Florida Regional Office. There, she developed and maintained Team Rubio's relationships serving as a bridge between elected officials and community stakeholders.

She earned her BS and MS in Psychology from Florida International University. She is an Adjunct Professor for Florida International University and has taught at Miami Dade College. 

Alyn, a proud wife and mother of five children, attends and is actively involved with St. Timothy Catholic Church.

 


Terri Denison

Georgia District Office

Terri L. Denison, District Director

Welcome to the following new hires for the SBA Georgia District Office:

Erin Tindell, Public Affairs Specialist. Erin comes with a wealth of public affairs and media experience in the private sector as well as government, both military and civilian.  In her most recent role prior to joining SBA, she served as the Media Relations Manager for Leidos, a defense contractor, located in Reston, Virginia.

Pamela Cook, Business Opportunity Specialist.  Pamela comes to the SBA from Robins AFB in Warner Robins, where she served as a Procurement Analyst and Contract Specialist.  She also worked for several corporations as a ­proposal manager and business development representative.

Javatius Williams is joining the Georgia District Office staff, on a temporary basis, as a Program Support Assistant. In 2019, he received his B.S. in Criminal Justice and Minor in Entrepreneurship from Valdosta State University.  In his first month, he has served on a detail in customer service with SBA’s Office of Disaster assistance.


Robert Coffey DDD

Kentucky District Office

Robert Coffey, Acting District Director

 

PPP Loan and Emerging Leaders Helps Retool a Business

Bailey Safety, Inc. offers a full complement of training and education services for companies requiring compliance and facility specific needs. Owner Nancy Bailey is a recent graduate of the SBA Emerging Leaders Initiative, offered by the SBA Kentucky District Office.

After COVID-19 forced Nancy to suspend her business, she applied for an SBA Paycheck Protection Program (PPP) loan with her lender. Nancy stated that the PPP loan was a lifeline for her company, and the experience with her Commercial Loan Officer was exceptional.

She said, “We stayed in contact daily until the last of the paperwork, which wasn't much, was done.”   

Nancy continued “They filed my PPP. I was approved, and the funds were in my account quickly. They worked around the clock to get this completed.” 

The knowledge and skills Nancy acquired in the Emerging Leaders program have allowed her to retool her business during the COVID pandemic. Nancy is moving the company headquarters to ensure steady growth and be closer to clients. Also, she has initiated a plan to better manage that growth and keep a life balance.

Bailey

Kentucky PPP Success Story Nancy Bailey, Owner, Bailey Safety, Inc.


Janita Stewart

Mississippi District Office

Janita Stewart, District Director

 

The Mississippi District Office is hosting many events to assist businesses in recovering from COVID-19. Please stay tuned with upcoming events by following the district on Twitter @SBA_MS or visit the website www.sba.gov/ms. Also, sign up to receive updates via email by visiting https://www.sba.gov/updates.

 


Thomas Stith

North Carolina District Office

Thomas A. Stith, III, District Director

Tomorrow!

SBA Greensboro Area Virtual Town Hall

Do you have questions about the EIDL or PPP disaster programs?  Did you know the EIDL has reopened for new applications?  Do you know about the local programs and activities in Greensboro to support your small business? 

On behalf of SBA NC District Director Thomas A. Stith III, you are invited to join us on Wednesday, June 24, 2020 from 9 a.m. to 10:30 a.m. for a Town Hall to discuss how the SBA’s programs and resources can help Greensboro area small business, nonprofit, and faith-based organizations. The event will also include an attendee question and answer session.

Mr. Ashley D. Bell, Entrepreneurship Policy Advisor for the White House Opportunity and Revitalization Council and SBA Region IV Administrator, along with –

  • Councilman Justin Outling – City of Greensboro
  • Brent Christensen, Pres. & CEO – Greensboro Chamber of Commerce
  • Michael Boston, Sr., Pres. & CEO – Greater Greensboro Black Chamber of Commerce
  • Michelle Bolick, V.P. of Operations – Guilford Merchants Association
  • Wilson Lester, Executive Director – Piedmont Business Capital

will be discuss access to capital and the small business environment. 

Register here to receive the meeting link:   https://www.eventbrite.com/e/sba-greensboro-area-town-hall-tickets-109305234900


Richard White

 South Carolina District Office

Richard "Gregg" White, District Director

 

Business Recovery in South Carolina

2020 has been a difficult year for small business, but we have also learned a few lessons along the way.

First, we have learned how vital it is to have a business recovery plan in place BEFORE disaster strikes. Determine how you will communicate with your customers and continue to sell your product or service when you are outside of your normal business location. Our resources partners, such as the Small Business Development Centers, SCORE, and the Women’s Business Centers can assist you in developing a plan tailored to your small business.

Second, pivoting your business during this time could be an opportunity to save, or even grow your small business revenue. Think about the different products or services your business would be capable of selling, or different markets you could attract. This could be a great time to get your business registered in the Systems for Awards Management to compete for federal contracts. You can also obtain certifications that are set aside for socially and economically disadvantaged businesses, women, service disabled veterans, and businesses located in Historically Underutilized Business Zones (HUBZone).

Lastly, make sure you take advantage of the funding opportunities that are available to keep your business afloat during this difficult time. To date, small businesses in South Carolina have received over 59,000 loans totaling over $5.6 billion under the Paycheck Protection Program. Whether you are self-employed, or have many employees, your business could be eligible to receive funding under this forgivable loan program. You must take advantage of this opportunity quickly, as the program deadline is June 30, 2020. Visit www.sba.gov/paycheckprotection for more information. Small businesses have also received funding to help with working capital needs under the Economic Injury Disaster Loan program. In South Carolina, over 5,000 businesses received loans under this program, totaling over $428 million. This program is still currently open for agricultural businesses to apply. Visit www.sba.gov/coronavirus for more details on this loan program.

If you have any questions about the above programs, please do not hesitate to contact us at (803) 765-5377. Representatives from our office are standing by to assist in your business recovery, and to ensure your business is successful for many years to come.


LaTanya Channel

Tennessee District Office

LaTanya Channel, District Director

Small Businesses- Are You Ready to Get in the Game?

The Get in the Game with Government Contracting and Surety Bonds Webinar will be held on July 28, 2020, from 8:00 a.m.-3:00 p.m. EST. The SBA Tennessee District Office (TNDO) in coordination with the City of Knoxville, Knox County, the Tennessee Small Business Development Center in Knoxville, Knoxville Area Urban League, SCORE- Knoxville, Entrepreneur Center, and the Knoxville Chamber of Commerce will hold this virtual event for small businesses on government contracting and surety bonding. Training topics to be covered include: SBA Surety Bonds, small business financing options, and City of Knoxville and Knox County procurement outreach. Attendees can also network with SBA staff and representatives from local resource partners and procurement representatives. A highlight of the event will be speaker Tamara Murray of the SBA Office Surety Bond Guaranty office. For more information and to register, go here. To find out about future events for small businesses across Tennessee, please stay tuned with these communications,  contact the SBA Tennessee District  Office, and follow us on Twitter @SBA_Tennessee.