SBA July Calendar l Must Get PPP Approved by June 30th!

Massachusetts District Office - June 2020

u s small business administration

Must Get Approved for Paycheck Protection Program by June 30th!

SBA Paycheck Protection Program

Last Chance. Find a lender and apply TODAY.

Visit a participating lender still approving PPP loans or try SBA Lender Match → www.sba.gov/lendermatch

Summary of cumulative Paycheck Protection Program data as of 5:00 p.m. EDT, June 25, 2020.

Approved Loans

Approved Dollars

Average Loan Size

# of Participating Lenders

4,740,945

$517,102,260,048

$109,071

5,459

In total, the SBA guaranteed 4,666,560 Paycheck Protection Program loans through June 20, 2020. For more information on loan activity, click here

Summary of PPP Updates and NEW Guidance:

10. Question: I am self-employed and was in operation on February 15, 2020, but was not in operation between February 15, 2019, and June 30, 2019. I will file a Form 1040 Schedule C or Schedule F for 2020. What is my maximum PPP loan amount?

Answer: In this case, your maximum PPP loan amount is generally equal to 2.5 times your average monthly payroll costs incurred in January and February 2020, plus the outstanding amount of any EIDL loan received between January 31, 2020, and April 3, 2020, that will be refinanced by the PPP loan.
The following methodology should be used to calculate the maximum amount that you can borrow  >>Read more


UPCOMING Virtual Events

Wednesday 7/1/20 / 10am - 11am
Space Organization for Businesses in Time of COVID-19

Wednesday 7/1/20 / 11am - 12pm
The ABC's of Returning Safely to Work - 3 Part Webinar Series:
Session 3: I Didn't Know I Needed to Do All of That to Disinfect and Clean Safely?

Thursday 7/2/20 / 11am - 12pm
How To Protect & Grow the Value of Your Business During a Pandemic

Tuesday 7/7/20 / 1pm - 2:30pm
Exploring Entrepreneurship

Wednesday 7/8/20 / 10:30am - 11:45am
Keyword Research - How it supports SEO as well as your overall marketing strategy

July 13 to August 31 /  4pm - 7pm
Online 8-Week Retail Bootcamp ($150 - scholarships available)


6/29 Women of Color in Business and Leadership: A WBDC Town Hall Conversation

Monday, June 29 / 4:00PM - 5:00PM

REGISTER

On Monday, June 29, WBDC will gather a panel of black women who, despite the overwhelming odds against them, have risen to leadership positions in both public and private sectors. We'll talk about their journeys and hear what factors they believe helped them to overcome the hurdles they faced along their road to success.

Panelists include:
-Shante Hanks, Deputy Commissioner, CT Department of Housing
-Carrie Spell-Hansson, CEO, The Folke Institute for Transformative Learning
-Glendowlyn Thames, Deputy Commissioner, CT Department of Economic and Community Development (DECD)
-Diane Winston, Founder and CEO, Winston Strategic Partners

Vanessa Abrahams-John, Director, Global Diversity, Inclusion, Talent Acquisition at Linde, will moderate the discussion.


Tuesday  7/14/20 / 10am - 11:15am
Use YouTube To Grow Your Business

Thursday  7/16/20 / 11am - 12pm
Succession Planning and Exiting During a Crisis

Thursday  7/16/20 / 11am - 11:15am
Renegotiating Commercial Leases and Loan Agreements: Practical tips & strategies

Thursday  7/16/20 / 2:30pm - 4pm
Exporting in the Digital Age: Grow Your Sales and Build Your Brand by Making the Internet Work for You Globally

Monday  7/20/20 / 5pm - 7pm
Keeping the Books: Basic Record Keeping and Accounting

Wednesday  7/22/20 / 10am - 11am
Marketing During a Pandemic

Thursday  7/23/20 / 9am - 10:30am
8(a) Business Development Program Eligibility Workshop

Thursday  7/23/20 / 6pm - 9pm
Start Your Own Business (Western Mass SCORE Chapter)

Friday 7/24/20 / 12pm - 1pm
China Global Trade Compliance and Security Update

Thursday  7/30/20 / 11am - 12pm
Selling and Networking in the New Normal


6/30 SBA Tools for Small Business Exporters and Global Supply Chains

June 30, 2020- 3:00pm EST

REGISTER

Go Global: Expand Your Market With Exporting

Do you sell overseas or are you part of a global supply chain?  Is your company ready to take advantage of the growing opportunities that a re-opening global market can provide? 

The U.S. Small Business Administration (SBA) and the U.S. Hispanic Chamber of Commerce (USHCC) are teaming up to educate Hispanic-owned businesses about SBA resources at their disposal. 

This webinar will highlight the Debt Relief component of the CARES Act, which will pay six months of principal, interest, and any associated fees for any new loans disbursed prior to September 27, 2020, as well as other valuable resources available to USHCC members.

Be sure to stay until the end for an opportunity to ask questions about SBA programs and resources.

Webinar Agenda:

  • Welcome and Introduction- Loretta Greene, SBA Associate Administrator for International Trade
  • Updates on SBA Disaster Assistance in Response to the Coronavirus- Michele Schimpp, SBA Acting Associate Administrator for International Trade
  • Debt Relief in the CARES Act and Other Assistance for Manufacturer Exporters – Michele Schimpp, SBA
  • Growing Global Sales with the help of SBA Export Financing – David Vidal, Head of International Trade Finance, SBA Office of International Trade
  • Q & A

7J

U.S. Small Business Administration offers the 7(j) Management and Technical Assistance Program for eligible Small Businesses.

7(j) training, provided to eligible firms and their employees, includes very specialized training in the areas of federal contracting. The training will be provided in an online format with live instructors and the ability for students to participate and ask questions. Up to 40 participants per workshop will receive training on how to make "real world" business decisions that will facilitate their firm's success.

Training is provided by Stover & Associates, Inc. For more information and to register, please visit: http://sbaworkshops.stoverteam.com/cgi-bin/app.cgi

To view all current offerings, please visit: Stover & Associates

Any questions, please reach out to Nadine.Boone@sba.gov

 

Upcoming Topics:


Capture Management
July 13, 2020 / 1:00—4:00 pm EDT

Contractor Teaming
July 14, 2020 / 1:00—3:00 pm EDT

Federal Contracting Basics
July 15, 2020 / 1:00—4:00 pm EDT

Understanding RFPs
July 16, 2020 / 1:00—3:30 pm EDT

Developing Technical and Past Performance Proposals
July 20, 2020 / 1:00—4:00 pm EDT

 


7J

Women-Owned Small Business Federal Contracting Program Upcoming Changes

Starting on July 15, 2020, SBA will implement Congress’ changes to the WOSB Program, as put forth in the 2015 National Defense Authorization Act (NDAA), with new WOSB Program regulations intended to enhance program oversight and effectiveness.

See information on our website, sba.gov/wosbready.

WOSB

Small Business Resource Guide Massachusetts Edition 2020

Check out our latest Massachusetts Edition 2020 - Small Business Resource Guide now available online!

2020 Resource Guide

Reopening Guides, Toolkits, and Strategies for Small Businesses

How prepared are you to reopen your business? Check it out here

Reopening

WHERE CAN I GET HELP?

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...


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


Email

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.