October Newsletter l Simpler PPP Forgiveness for Loans of $50,000 or Less

Massachusetts District Office - October 2020

u s small business administration

You're Invited! Wednesday, Oct. 28th

Manufacturing Month


Please join us on Wednesday, October 28th at 10AM for a small manufacturers virtual networking event.  October is Manufacturing Month in Massachusetts and there are a wealth of resources available for innovative makers that call Massachusetts home.    >> Learn more about MA Manufacturing Month  

Invited Speakers:

  • Wendell G. Davis, SBA New England Regional Administrator
  • Robert H. Nelson, SBA MA District Director
  • Ili Spahiu, Lead Lender Relations Specialist
  • John Killam, President, MassMEP
  • Robert Duncan, Director, Commonwealth Corporation
  • Kristen Rayne, Outreach Manager, Commonwealth Corporation
  • Mark Manual, Founder, Industrial Marketing (Certified ThomasNet Partner)

Simpler PPP Forgiveness for Loans of $50,000 or Less

PPP Forgiveness

WASHINGTONThe U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

“The PPP has provided 5.2 million loans worth $525 billion to American small businesses, providing critical economic relief and supporting more than 51 million jobs,” said Secretary Steven T. Mnuchin.  “Today’s action streamlines the forgiveness process for PPP borrowers with loans of $50,000 or less and thousands of PPP lenders who worked around the clock to process loans quickly,” he continued.  “We are committed to making the PPP forgiveness process as simple as possible while also protecting against fraud and misuse of funds.  We continue to favor additional legislation to further simplify the forgiveness process.”

“Nothing will stop the Trump Administration from supporting great American businesses and our great American workers. The Paycheck Protection Program has been an overwhelming success and served as a historic lifeline to America’s hurting small businesses and tens of millions of workers. The new form introduced today demonstrates our relentless commitment to using every tool in our toolbelt to help small businesses and the banks that have participated in this program,” said Administrator Jovita Carranza. “We are continuing to ensure that small businesses are supported as they recover.”

SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.  

SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020.  SBA will continue to process all PPP forgiveness applications in an expeditious manner.

Click here to view the simpler loan forgiveness application.

Click here to view the instructions for completing the simpler loan forgiveness application.

Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

WATCH ON-DEMAND: PPP Forgiveness Overview with Lender Relations Specialist Carlos Hernandez and Center for Women & Enterprise

Do you want to get ready to apply for PPP forgiveness?

The Center for Women & Enterprise's Beth Ann Dahan, Project Manager: COVID Business Recovery hosted a webinar with SBA MA Lender Relations Specialist Carlos Hernandez and other lending partners on Wednesday, October 14th all about the latest PPP Forgiveness process. 



Small Business Week Winner Success Story: But Why Buy, Create Your Own Franchise!

Ruth Agbaji

(photo credit: Office of Congresswoman Trahan)

By Norman Eng, Public Affairs Specialist

According to the U.S. Census Bureau’s Economic Census[1], there are over 300 different types of franchise businesses in America – contributing significantly to the fabric of our main streets.  The importance of franchising, particularly in the food service industry is highly impactful.  An estimated 122,042 franchise restaurants make up approximately 54% of all fast-food restaurants and contributes to about 73% of all fast-food restaurant employment.   

n industries other than food service, the data also revealed that franchise ownership was associated with a higher percentage of sales and a higher annual payroll per employee in those businesses – compared with the industry average. 

But Ruth…

Sitting in a counseling session at 125 Woodland Street at the Clark University-based Small Business Development Center – Ruth Agbaji was exploring the possibility of purchasing a STEM education franchise business focusing on coding. 

“But Ruth, why exactly do you need to buy this franchise,” said SBDC Counselor Paula Camara.  “Why can’t you just do this on your own?”

That was the moment when Ruth gained the confidence to say to herself, “Wait you’re right!”  >> Read more


UPCOMING Virtual Events

10/29 Growing A Healthy Business in 2020 and 2021

HAI BannerHAI Banner


Thursday  10/29/20 / 9am - 10:15am

The Hispanic-American Institute brings together small business experts from government and industry to discuss the current and future prospects of small and Latino businesses in Massachusetts Gateway Cities.

The Institute continues its biweekly Zoom meetings, providing small business operators with a forum to discuss their challenges and aspirations with the advice of recognized experts serving the Latino business community.

Robert H. Nelson, Massachusetts State Director of the U.S. Small Business Administration; Juan Lopera, Vice President, Public Plans and Corporate Business Diversity at Tufts Health Plan; and Quincy Miller, President and Vice Chairman, Eastern Bank, will be panelists in this Zoom meeting.

Miércoles desde el 30 de Septiembre hasta el 4 de Noviembre / 5:30pm - 8:00pm
CWE Eastern MA: Programa de Crecimiento Empresarial Estratégico para Lawrence/Andover/North Andover

Tuesday  10/20/20 / 5:00pm - 7:00pm
Financing Strategies – How to Access Funds for your Business

Wednesday  10/21/20 / 11:00am - 1:00pm ($15)
CWE MA: Digital Marketing for the Retail & Food Industry during COVID-19

Wednesday  10/21/20 / 12:00pm - 2:00pm
The Society of American Military Engineers (S.A.M.E.) Boston Post, Small Business Committee Monthly Meeting with Mr. Shannon Jackson, Deputy Director, Department of Defense, Office of Small Business Programs

Thursday  10/22/20 / 6:00pm - 8:00pm
Introduccion Contabilidad De Negocios (Introduction to Accounting of Businesses)

Thursday  10/22/20 / 9:00am - 10:30am
SBA 8(a) Business Development Eligibility Session

Monday  10/26/20 / 1:00pm - 2:30pm
Decisions, Decisions: Making Tough Decisions During COVID

Tuesday  10/27/20 / 12:00pm - 1:30pm
Tuesday Talks with CWE & SBA

Wednesday  10/28/20 / 11:00am - 1:00pm ($15)
CWE Eastern MA: Managing Your Cash Flow during COVID-19

Thursday  10/29/20 / 1:00pm - 2:30pm
Use YouTube to Grow Your Business- Online

Friday  10/30/20 / 11:00am - 1:00pm
All About Your Business’ Financial Statements


Join us Nov 2-6 as we celebrate National Veterans Small Business Week! We’ll be showcasing our nation’s military- & veteran-owned businesses all week long. More details: https://bit.ly/33dWVV2 #VetBiz

10/22 Virtual Veteran Entrepreneur Summit

On behalf of Regional Administrator Justin Crossie, you and your Regional Communities are invited to join us for the South Central Region Virtual Veteran Entrepreneur Summit, featuring the 2020 National Small Business Person of the Year, Tim Porter who owns the Texas-based Appddiction Studio.

Please note the event begins at 3pm EST on Thursday, October 22nd. 


Virtual Veterans Summit

10/20 Contracting Opportunities For Small Businesses

Federal Government


Tuesday  10/20/20 / 11am - 12:30pm

The SBA Massachusetts District Office along with our friends at the Massachusetts Procurement Technical Assistance Center are continuing with the second installment of our government contracting webinar series. Up next is Contracting Opportunities for Small Businesses. This webinar will be held on Tuesday October 20th at 11AM.

During this webinar you will learn about state procurement from our local MA PTAC expert and what resources are available to help your small business stand out. This webinar will include the following pieces of information:

  • Government contracting within the State of MA
  • State Registrations & Certifications
  • Contracting Opportunities at the state level
  • Procurement Forecasting

Contracting JacksonWebster Square Business Association

Small Business Resource Guide Massachusetts Edition 2020

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

2020 Resource Guide


Please direct all other inquiries and questions to our District Office email at:


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

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



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

Central Regional Office
Clark University
The Carriage House, 125 Woodland Street
Worcester, MA 01610
508-793-7615 | Fax: 508-793-8890

Northeast Regional Office  (SPANISH-SPEAKING COUNSELOR)
Salem State University
121 Loring Avenue, Suite 310
Salem, MA 01970
978-542-6343 | Fax: 978-542-6345

Procurement Technical Assistance Center
Scibelli Enterprise Center
1 Federal Street, Building 1
Springfield, MA 01105
413-545-6303 | Fax: 413-737-2312

Southeast Regional Office
200 Pocasset Street
Fall River, MA 02721
508-673-9783 | Fax: 508-674-1929

Western Regional Office
Scibelli Enterprise Center
One Federal Street, Building 101
Springfield, MA 01105-1160
413-577-1768 | Fax: 413-737-2312



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

Central Massachusetts Center - Westborough
69 Milk St., Ste. 217
Westborough, MA 01581

Veterans Business Outreach Center of New England (VBOC of NE)
132 George M. Cohan Blvd.
Providence, RI 02903


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.