Thankful for America's Small Businesses

SBA Southeastern Regional Update for Entrepreneurs


November 2020

u s small business administration
Happy Thanksgiving



Fiscal Year 2020- A Huge Success for Small Businesses Across the Nation! 

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by the Agency.  In FY20, the Paycheck Protection Program (PPP) provided an additional 5.2 million loans worth more than $525 billion; the Agency’s Economic Injury Disaster Loan (EIDL) Program added another 3.6 million small business loans valued at $191 billion, as well as an additional 5.7 million EIDL Advances worth $20 billion.

Continue to full press release here

Southeastern Region Loan Approvals

Fiscal Year 2020 

Lending across the Southeastern Region made a significant impact for small businesses during fiscal year 2020. Entrepreneurs were able to start, grow, recover, and overcome the challenges faced by all during the global pandemic with funds that were made available through the CARES Act as well as through traditional SBA loan programs.  Below is a summary of achievements made through the district offices located in the Southeastern Region: Alabama, Georgia, North Florida, South Florida, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee.

Type of Loans  # Loans  Value of Loans
PPP Net Approvals as of 08/08/2020 1,072,565 $88,691,695,490
Covid EIDL Loans 925,775 $41,474,445,113
Micro Loans 574 $12,104,038
504 Approvals as of 09/30/2020 1,119 $954,470,000
7 (A) 6,353 $4,328,017,500
                            Southeastern Total 2,006,386        $135,460,732,141


Local News from Your

SBA District Office

Tom Todt

Alabama District Office

Thomas (Tom) Todt, District Director


The Alabama District Office is thankful for our Women’s Business Center, The Catalyst Center for Business & Entrepreneurship. They serve as a driver for economic growth and job creation for entrepreneurs and business owners in every stage of growth.  

They provide quality business education, personalized one-on-one coaching and access to capital. They enable entrepreneurs to get started and provide established businesses the tools they need to successfully navigate their business journey.  

The Catylyst

Check out their upcoming events and allow them to help you take your business to the next level.  

Michael Barrera

North Florida District Office

Michael Barrera, District Director


North Florida District Office Welcomes New District Director, Michael Barrera

Mr. Barrera is an experienced attorney with over 30-years of business, government, legal, and non-profit experience. Mr. Barrera has an extensive history with the small business community. He previously served as the SBA’s third National Ombudsman from 2001 to 2005, where his office assisted small businesses who were subject to overburdensome federal regulations.

He also served as the first director of the agency’s Business MatchMaking program from 2003 to 2005. Mr. Barrera served as an internal Ombudsman for SBA’s Office of Disaster Assistance employees, subsequent to the hurricanes that devastated Puerto Rico, Florida, and Texas in 2017 and 2018.

In addition to his SBA experience, Mr. Barrera served as the President and CEO of the United States Hispanic Chamber of Commerce (Washington DC); Director of Entrepreneurship for the LIBRE Institute (Denver, CO. and Kansas City, MO); and President of the National Business Information Clearinghouse (Denver, CO).

Mr. Barrera received his law degree from the University of Texas School of Law and a bachelor’s degree from Kansas State University. He was also educated at Harvard Business School and the Marshall School of Business at USC. He is a native of Kansas City, Missouri.

The North Florida Team is also Grateful for the Service of our Veterans!

North Florida Veterans


Victoria Guerrera

South Florida District Office

Victoria Guerrero, District Director


Reflecting upon this year in lending, one cannot help but think of how coronavirus impacted our economy, our businesses, and our nation at large. In response to the disaster, the SBA mobilized quickly and launched the Paycheck Protection Program that served as a parachute for falling businesses. This SBA loan helped small businesses keep their workforce employed and their employers less worried about layoffs and closings during critical times. The SBA worked tirelessly alongside our banks and lenders who often are forgotten as one our “Everyday heroes.” We processed more than 14 years' worth of loans in less than 14 days- a true testament to our commitment to American small businesses.

Also, we leveraged our Economic Injury Disaster Loan Program to provide economic relief to small businesses and non-profit organizations that experienced a temporary loss of revenue due to COVID as well as offered the EIDL Advance. This was a grant program offered together with the Economic Injury Disaster Loan Program. However, businesses who received an EIDL Advance in addition to the Paycheck Protection Program (PPP) loan will have the amount of the EIDL Advance subtracted from the forgiveness amount of their PPP loan. Together, these programs provided a lifetime to small businesses and your South Florida District Office is proud to be a part of the solution.

FLORIDA EIDL (as of 10/19/20)

Loans Approved:  453,390        Dollars Approved: $20,041,779,825

FLORIDA PPP Loan Data (as of 8/8/20)

Loans Approved: 432,893        Dollars Approved: $232,251,422,436

When borrowers have exhausted all of our specific disaster COVID relief options, we want to remind them that we still have our flagship SBA 7a and 504 loan programs available to them as well our Microloan program and Community Advantage. All of our SBA lending programs are facilitated directly through our approved lenders except for EDIL which is originated through the Office of Disaster Assistance.

Terri Denison

Georgia District Office

Terri L. Denison, District Director


This Thanksgiving, the Georgia District is thankful for assisting small businesses during the pandemic through the Paycheck Protection Program and Economic Injury Disaster Loan program. SBA mobilized the greatest public-private disaster response in modern history. In Georgia, more than 174,400 PPP loans totaling nearly $14.7 billion and more than 178,600 EIDL loans totaling $7.7 billion were disbursed to small business owners. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­

Director of Rural Affairs Nordberg Visits Georgia Rural Small Businesses

SBA National Director of Rural Affairs, Daniel Nordberg, met with rural small businesses in the Athens, Ga. Area Oct. 20-21 to talk about their unique challenges and how the Paycheck Protection Program helped them retain jobs. Nordberg was joined by the U.S. Department of Agriculture’s State Director of Rural Development, Joyce White, for part of his two-day rural tour of Georgia as well as SBA resource partners including the Georgia Small Business Development Center and Athens Area Chamber of Commerce.


SBA National Director of Rural Affairs Daniel Nordberg visits PPP recipient American Deep Foundation, Inc. on Tuesday, October 20. The company specializes in pile driving, augured piles and excavation bracing. L to R: Jeff Patterson, SBA GA District Office Lender Relations / Economic Development; John Hylton, SVP Pinnacle Bank; Joyce White, USDA State Director of Rural Development; David Johnson, President of American Deep Foundation, Inc; Jon Beck, Operations Manager of American Deep Foundations; and Daniel Nordberg, SBA National Director Rural Affairs.


Daniel Nordberg (left), SBA National Director of Rural Affairs, meets with Donna Means (center), owner of Salon DM3 in Athens, Ga., during a southeast rural tour of small businesses. Nordberg met with rural entrepreneurs like Means who received a PPP loan and to hear about their challenges operating a rural business. Others in attendance included Terri Denison, SBA GA District Director (second from right); David Bradley (right), Athens Area Chamber of Commerce President/CEO; John Hylton, SVP Pinnacle Bank; Allan Adams, State Director of Georgia SBDC; & Jeff Patterson, SBA GA District Lender Relations.

Robert Coffey

Kentucky District Office

Robert Coffey, District Director


A Time for Reflective Optimism

November is traditionally a busy month for businesses. Many businesses, including small businesses, generate a significant part of their annual revenues during the months of November and December. According to the National Retail Federation, 23% of consumers plan to spend money with local/small businesses during this period. 

The month of November is also National Entrepreneurship Month. And Small Business Saturday, which follows Thanksgiving each year, is one of the most active days of the year for small businesses. This is the eleventh year of Small Business Saturday, which began as a campaign launched by American Express to encourage consumers to shop within their own community during this peak retail season. American Express reported that consumers have spent more than $120 billion at small businesses on Small Business Saturday over the past 10 years.

The COVID-19 global pandemic has made this year unlike any other in recent history. As the Kentucky District Office team reflects on 2020, we can be appreciative for so much, despite these challenges. Our outlook is positive as we continue to navigate these uncharted waters. What reasons do we have for this optimism?

First, this year has been historic for small business lending, both nationally and in Kentucky. The Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) have helped many small businesses. 

As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans that were disbursed prior to September 27, 2020.

SBA lenders have worked tirelessly to help small businesses obtain these loans. In addition to our national and regional lenders, the Kentucky District Office staff is thankful to the almost 100 community bank lenders and credit unions who have participated in the PPP.

Kentucky has one of the most extensive microlender networks in the country. Despite COVID-19, microlenders in the state funded 208 microloans, worth over $2.6 million, in Fiscal Year 2020. That is truly extraordinary work by our microlenders and deserving of a big “thank you.”

Second, SBA’s extensive network of resource partners provides no-fee, high quality counseling services to entrepreneurs and small business owners. Because of the pandemic, many of our resource partners pivoted to virtual meetings and webinars to assist these business owners and keep them updated to rapidly changing programs and information.

We are continuously grateful for our SBA resource partners, the Small Business Development Center network, SCORE counselors, Women’s Business Center staff and Veterans Business Outreach Center. These counselors worked patiently with clients seeking funding during possibly the worst financial crisis since the Great Depression. Additionally, state and local government along with other strategic partners statewide have been instrumental in helping us reach as many small businesses as possible. 

Despite the challenges presented by COVID-19, we remain optimistic about the future of small business in the Commonwealth of Kentucky as we all work together to help our entrepreneurs survive, pivot and reinvent their businesses.

Janita Stewart

Mississippi District Office

Janita Stewart, District Director


SBA Mississippi Thankful for Historic Small Business Lending

“I believe we all have many things for which to be thankful, not only during the month of November, but all year round”, says Janita R. Stewart, District Director for Mississippi. “With 2020 being a particularly challenging year for all of us, I am thankful for the SBA staff who stepped up to the challenge of fielding literally a countless number of inquiries and for going above and beyond the call of duty helping people connect to SBA resources during this pandemic. Our thanks also go to our valuable resource partners – SCORE, the network of SBDCs and the VBOC – who also worked tirelessly in providing assistance and support. Last but certainly not least, we thank our host of in and out-of-state bank and non-bank lending institutions and CDCs who worked extremely hard putting in long hours to provide the much-needed capital to small businesses and non-profits. We look forward to recognizing our Top Lenders and Top CDCs for their contributions later this fiscal year. The result of all of us working together is reflected in the historic and astounding loan approvals for Mississippi during FY 2020.”

SBA Mississippi Lending Numbers for FY 2020:

  • 7(a) Loan Program                      287 loans approved for $153,049,100
  • 504 Loan Program                              7 loans approved for $6,084,000
  • Microloan Program                              15 loans approved for $255,280
  • PPP Loan Program             48,541 loans approved for $3,209,126,002
  • EIDL Program                 30,776 approved for a total of $1,291,515,216
     SBA Mississippi Resource Partners Counseling  FY2019  &   FY2020
Veterans Business Opportunity Centers (VBOC)
2019 2020
Clients 112 Clients 284
Counseling Sessions 194 Counseling Sessions 580
Small Business Development Center (SBDC)   
2019 2020
Clients Served 3588 Clients Served 4701
2019 2020
Clients Served 375  Clients Served   **

                                             ** (numbers will be available at a later date)

Here is a quick sample of feedback received from small businesses who received help to support their businesses through PPP and EIDL:

                Play It Again Sports in Hattiesburg Received a PPP Loan

 At the time the virus hit, we had a total of 21 employees on payroll (6 full-time and 15 part-time). We applied for and received a PPP loan under the CARES Act. As a result, we were able to pay all 21 employees without any layoffs and stay current on our rent and utilities. We are extremely thankful and appreciative to have received a PPP loan to help us get through these negative sales months. Without the PPP loan, we would have had to make some exceptionally hard decisions regarding employee pay cuts or layoffs as well as our rent and utilities”, said Connie Townsend, Owner Play It Again Sports.

Thomas Stith

North Carolina District Office

Thomas A. Stith, III, District Director


With the holidays upon us, the SBA North Carolina District Office (NCDO) would like to take this opportunity to express our gratitude and say thank you to our lenders, resource partners, and stakeholders.

While no one could predict the outbreak of the COVID-19 pandemic, the NCDO staff is thankful for the expert team of small business professionals at the Small Business & Technology Development Centers, SCORE Chapters, Women’s Business Centers and Veteran’s Business Outreach Center for their ability to pivot and assist North Carolina small business owners.

We are also thankful for SBA approved lenders and the support they have given, 1,067 SBA-back 7(a) and 504 loans for $844 million and 129,282 Paycheck Protection Program (PPP) loans for $12.2 billion, to North Carolina’s small businesses.  Without you many of our state’s entrepreneurs would not have been successful this year. 

Finally, the NCDO would like to thank you the individuals who participated in making the Let’s Talk Business: Reignite North Carolina series such a success.  With your support, we reached more than 100,000 North Carolinians with information on PPP, Economic Injury Disaster Loans, and SBA’s programs and resources.  

Richard White

South Carolina District Office

Richard "Gregg" White, District Director


The South Carolina District Office is thankful that one of our own won the National Boots to Business Instructor of the Year award last week! Frank Anderson is a Lender Relations Specialist and Veteran Representative for the South Carolina District Office. 

As an Army veteran himself, he takes great pride in the Boots to Business Program and coordinates classes throughout the multiple Air Force, Army, Navy, and Marine bases in the state.

! Frank Anderson is a Lender Relations Specialist and Veteran Representative for the South Carolina District Office

Congratulations Frank on this well-deserved award and for all that you do for the military and veteran community in South Carolina! To learn more about the Boots to Business Program, click here.

LaTanya Channel

Tennessee District Office

LaTanya Channel, District Director


As small businesses continue to struggle in their recovery, the SBA TNDO persists with providing entrepreneurs with virtual training on all SBA products and services as well as the latest updates for EIDL Covid-19 assistance and PPP forgiveness.  On November 18, 2020, the TNDO hosted the West Tennessee Recovery Symposium where we provided training on SBA’s capital programs including EIDL for Covid-19; counseling through our resource partners; and contracting. Also, the TNDO continues to offer “Get the Facts on PPP and EIDL” weekly on Mondays. To join us live for this event, please visit here.  

On November 5, 2020, SBA TNDO Director LaTanya Channel joined Ray Milano from SBA headquarters to celebrate National Veterans Small Business Week, hosted by the Veterans Business Outreach Center that covers Tennessee and Kentucky.  To view this webinar, please go here.

For small businesses that were declined for an EIDL, we hold biweekly webinars on EIDL Reconsideration. These sessions provide explanations on decline reasons and what is needed for reconsideration. Next session occurs on December 2, 2020.  To register, go here.

Also, for businesses impacted by the March 3, 2020, tornadoes in Middle Tennessee or the April 12 and 13, 2020, tornado in East Tennessee, SBA EIDL assistance is still available to help you with recovery. For more information, go here. To apply, go here. The deadline to apply for the March 3 disaster assistance is December 7, 2020. The deadline for the April 12 and 13 disaster assistance is January 25, 2021.

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