Still time to apply for Paycheck Protection Program and Economic Injury Loans

New Hampshire District Office - June 23,  2020

u s small business administration

SBA Reopens Disaster Loan Program to all Businesses

The Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal is open to all eligible applicants experiencing economic impacts due to COVID-19.

SBA’s EIDL program offers long-term, low interest assistance for a small business or non-profit.  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.  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.

Apply for EIDL Here

 

PPP Update - Applications accepted thru June 30th


Time is running out soon but new applications will be accepted through June 30th.   

The Paycheck Protection Program provides small businesses with funds for payroll costs and other eligible non- payroll costs.

More than $100 Billion in PPP funds are still available. The recent passage of the Paycheck Protection Flexibility Act allows small businesses to use funds up to 24-weeks and have the option of extending the life of the loan from two years to five. SBA will forgive loans if funds are used as intended.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

For more information, visit here.

List of Participating Lenders

 


Join Us Tomorrow, June 24 For Our New Weekly Webinar

Starting June 24th - We will continue with a Webinar on Wednesdays (once a week) to discuss SBA Programs and Resources, Resource Partner Happenings, and Upcoming Events. 

Join Skype Meeting


Dick VerEecke Certified SCORE Mentor has gone the extra mile for NH Small Business Owners       

Dick is highly regarded by the team of volunteers with the Merrimack Valley Chapter of SCORE. He exemplifies, through example, the value of being a dedicated mentor, workshop coordinator and presenter.

Dick is a former officer in the US Marine Corps and spent 30 years in corporate finance with IBM.  After his retirement from the corporate world, he became a Certified Financial Planner. Dick provides general business advice as a SCORE mentor.  He has been instrumental in helping many aspiring business owners validate their business ideas.  He has a strong following of clients, many of whom have become successful business owners and he maintains long-standing relationships with these clients. He is currently mentoring two clients who are seriously considering buying existing businesses. As well as being a SCORE mentor, Dick is also a Volunteer Certified Tax Preparer for low and middle income taxpayers in AARP and VITA free tax assistance and a Volunteer Certified Application Counselor for individuals enrolling through the Federal Marketplace under the Affordable Care Act.

Dick is also the volunteer in charge of organizing and producing workshops for the Merrimack Valley Chapter of SCORE.  When the coronavirus caused SCORE to suspend in person workshops Dick was innovative enough to switch to virtual workshops without missing one scheduled event.  In addition to managing their robust workshop programs, Dick has produced a series of workshops that delve into the details and included panelists from professional law firms, accountants and human resource professional to help small business owners navigate through the process of obtaining and using funds made available through the CARES act.  These workshops held every Mon/Thurs during April and May were attended by hundreds of small business owners.   Thank you, Dick, for a job well done! 


A new tool from DOL:

Today Wage and Hour launched a new online tool that guides workers through a series of questions to help them determine if they are eligible for paid sick leave or expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).  As America continues to re-open, this tool stands to help employees and employers to determine who is qualified for the FFCRA protections and benefits.  I hope you will become familiar with this new tool and share with others as you deem appropriate. Here is the full link: https://www.dol.gov/agencies/whd/ffcra/benefits-eligibility-webtool


NH SBDC Business Resiliency Survey

The NH SBDC, in partnership with the UNH Survey Center, developed the NH SBDC Business Resiliency Survey. The goal of the survey is to help economic development partners better understand the impact of the COVID-19 pandemic on small businesses throughout the Granite State.

We need to hear from business owners, like you, to better understand your challenges and needs going forward. Your feedback will help determine future programming and service offerings. By leveraging the results of the survey, we can more effectively assist in the state's recovery and reopening efforts. This initiative is made possible through the support of well over 60 partner organizations and funds from the CARES Act.

The Business Resiliency Survey is live and will be available through June 24. It should take less than 10 minutes to complete. Please click HERE to take the survey.

Thank you in advance for your time and support. Together - with your input - we can help NH businesses better manage recovery, reopening, and future resiliency!


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Ways to Connect with SBA New Hampshire:


Websitewww.sba.gov/nh
EmailNewHampshire_DO@sba.gov
Twitter: @SBA_NH