SBA News: PPP Deadline, Growth Opportunity with HUD, IRS Info, SBA Warning

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Minnesota District Office

u s small business administration

PPP Deadline

SBA Paycheck Protection Program

Urgent reminder! The deadline for SBA to approve Paycheck Protection Program (PPP) loan applications is Tuesday, June 30. This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

Find a lender and apply today


Grow Your Small Business with HUD

Section 3 logo

Are you familiar with the U.S. Department of Housing and Urban Development (HUD) Section 3 program and the opportunities it provides your small business?  

The HUD Section 3 program requires that recipients of certain HUD financial assistance provide training, employment, contracting, and other economic opportunities to low and very low income persons and to businesses that provide economic opportunities to low and very low income persons.

There are two important ways you can access these program opportunities:

Register your small business 
The HUD Section 3 Business Registry is a listing of firms that have self-certified that they meet one of the regulatory definitions of a Section 3 business. Once registered, your firm will searchable in an online database to agencies that receive HUD funds, developers, contractors, and others to facilitate the award of certain HUD-funded contracts. The database can also be used by Section 3 residents to identify businesses that may have HUD-funded employment opportunities.

Look for business, employees, and jobs
The HUD Opportunity Portal helps match Section 3 Residents to jobs and training opportunities and Section 3 businesses to contracting opportunities. Section 3 residents may use the site to search for jobs and post their profile/employment history for companies to search. Employers may use the site for posting job/contract opportunities or search for residents to fill positions. 


IRS Information

taxes icon

Here is a video tax tip from the IRS: 

Extension to File and Pay English | Spanish


FTC, SBA warn companies about SBA loan promises

Six companies have received government warning letters that said they may be misleading consumers that they are affiliated with the SBA or about their role in helping businesses get SBA Paycheck Protection Program (PPP) loans. The letters – from the FTC and the SBA – direct the companies to remove all false claims from their websites immediately. Learn more here.


Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

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