PPP Takeaways & Upcoming Virtual Events

Houston District Office  - October 2020

u s small business administration
Paycheck protection program, PPP


5 Things About PPP Forgiveness YOU Should Know!


1. The majority of PPP borrowers in the region are eligible for a simplified loan forgiveness application. 
Earlier in October, the SBA and Treasury released a simpler forgiveness application for PPP loans of $50,000 or less. 

2. The estimated time to complete the simplified PPP loan forgiveness form application (loans $50,000 or less) can be as little as 15 minutes. 

3. Businesses still need to document PPP loan money was spent on eligible expenses. Since a key part of forgiveness for PPP loans is using the money for eligible expenses, borrowers still need to provide documentation with the forgiveness application.

4. Borrowers apply for PPP loan forgiveness through their lender, not the SBA. Borrowers can download PPP loan forgiveness applications from https://www.sba.gov/paycheckprotection and submit those and other required information to the lender that provided them with a PPP loan. Check with your PPP Lender, as they may have an automated process for completing your Loan Forgiveness Application.

5. SBA Resource Partners are available to help borrowers through the forgiveness process. The SBA Resource Partner Network – which includes the Small Business Development Center, SCORE Mentors, and the Women’s Business Center – provide one-on-one business advising and technical assistance to small businesses at no- or low-cost.

PPP Loan Forgiveness Overview and Q&A

October 26  |  11:00am CST  |  JOIN HERE
October 28  |  11:00am CST  |  JOIN HERE
October 30  |  11:00am CST  |  JOIN HERE

Please don’t stress! The SBA will walk you Step-By-Step through the Loan Forgiveness Application. We will also discuss important factors and tips you should consider when completing the Loan Forgiveness Application. 


Federal contracting can help your small business grow. The SBA can help you contract with Uncle Sam.


Doing Business with Federal Agencies: Navigating the Maze of Federal Contracting

(hosted by the Greater Houston Business Procurement Forum)
October 28  |  11:00am-12:30pm  CST  |  REGISTER HERE

Participating Representatives will discuss how to effectively do business with their Agencies while reviewing available budgets and upcoming business opportunities. Representatives include SBA, GSA, NASA, U.S. Army Corps of Engineers, HUD, U.S. Department of Veteran Affairs, and the UH Procurement Technical Assistance Center.


Financing Your Business


Meet the Lender

October 30  |  10:00am CST  |  REGISTER HERE

Are you READY to pursue financing to start or grow your business? Meet 3 SBA approved lending representatives in small break-out sessions. Attendees should be READY to talk to a lender (have a business plan/financials, etc.). This virtual event will provide a stepping-stone to building a business banking relationship. Capacity is limited.

Need help preparing a business plan? Contact an SBA resource partner:
SBDC: 713-752-8444  |  SCORE: 713-487-6565  |  WBC: 713-681-9232


EIDL

Economic Injury Disaster Loan (EIDL) Overview

October 27  |  11:30am CST  |  JOIN HERE

Has your business been affected by COVID-19? Learn the basics of the Economic Injury Disaster Loan (EIDL), how to apply, and the most frequently asked questions.


SBA Blueprint to a Successful Business

October 27  |  2:00pm CST  |  JOIN HERE
October 29  |  2:00pm CST  |  JOIN HERE

Want to understand how an SBA loan can improve your cash flow and capital? You do not want to miss this webinar! You will also learn how lenders make their loan decisions. All your questions will be answered during the live Q&A.


Social Media

Instagram Secrets Revealed by SCORE

October 27  |  10:00am CST  |  REGISTER HERE

Make Your Digital Marketing More Effective Now! This free webinar will reveal 11 Instagram Hacks, Tips, and Features that everyone should know but probably don’t know exist!


Federal Grants to Fund your Innovations: SBIR/STTR Information Session

October 27  |  3:00pm CST  |  JOIN HERE

Did you know $2.5 billion of funding is granted each year to support small business innovation? This webinar will cover the basics of the SBIR/STTR program and the steps on how to fund funding. 


Disaster

Get Help After Disasters from SBA

October 29  |  10:00am CST  |  JOIN HERE

The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters.


SBA Surety Bond Guarantee Program Webinar

October 29  | 10:00am CST  |  JOIN HERE

This program can help your small business obtain contract bonds up to $10 million! If you have no prior bonding experience, difficulty qualifying for bonding or want to increase your bond limits join this webinar to learn more!


Recursos Gratuitos para Pequeñas Empresas

29 de Octubre  |  10:00am CST  |  REGISTRARSE AQUÍ

Obtenga información sobre recursos gratuitos para empresarios, incluyendo la planificación empresarial, QuickBooks, contratación, marketing y más.


Improve Your Cash Flow

Accessing Capital:
Micro and Community Lenders

October 29  |  11:00am CST  |  REGISTER HERE

Hear directly from micro and community lending organizations to gain an understanding of the loan products and resources they offer to small businesses. Their competitive products can assist you with starting a business or growing your existing business. Session will include live Q&A.


Q&A Sessions


Q&A with SBA

October 26  |  3:30pm CST  |  JOIN HERE
Bring your inquiries to SBA. Spend your afternoon talking to SBA Houston District Office, E. Wright. Best customer service around!


Q&A for Veteran Entrepreneurs

October 30  |  2:30pm CST  |  JOIN HERE
Calling all veterans! An SBA representative will be available to provide you answers to all your small business questions!


COMING SOON


SBA Export Loans: Take your Business Global!

November 16  |  10:00am CST  |  REGISTER HERE

Expanding internationally is a great opportunity for businesses to increase customer base and profits.  In this webinar, you will learn about the Export Express Loan, Export Working Capital Loan, and International Trade Loan.  Guest speaker: Jeremy Foreman- SBA International Trade Specialist. Session will include Q&A. 


Announcements


USDA, USTR Seek Experts for
Trade Advisory Committees

Members of the Agricultural Policy Advisory Committee (APAC) advise USDA and USTR on operating existing U.S. trade agreements, on negotiating new agreements, and on other trade policy matters. Members of six Agricultural Technical Advisory Committees (ATACs) provide technical advice and guidance on international trade issues that affect both domestic and foreign production in specific commodity sectors. The ATACs focus on trade in: Animals and animal products; Fruits and vegetables; Grains, feed, oilseeds and planting seeds; Processed foods; Sweeteners and sweetener products; and Tobacco, cotton and peanuts.

Click Here for Application Details  |  Click Here for More Information
DEADLINE:
 November 13, 2020  |  5PM EST on Nov. 13, 2020



Want to learn more about SBA Programs & Services?
Download the SBA Houston Resource Guide HERE

Questions? Please contact houston@sba.gov


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