Alabama News - January 2021

Having trouble viewing this email? View it as a Web page.

Alabama District Office  - January 2021

u s small business administration

BREAKING NEWS: The Paycheck Protection Program (PPP) is Back!

paycheck protection program, PPP

WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.  The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

 

Full Press Release

Additional Headlines

OH Hair _ AL Success Story

Spotlight on PPP: OH! What a Saving Grace 

In 2016 OH! Hair Design Studio was established and began to thrive. Word of mouth marketing brought in clients from both near and far, and Anita was living her dream, and then something drastic happened that no small business owner, especially a service provider was prepared for.

Read how COVID-19 has impacted this small business and how the SBA came in to provide relief just in time...

Read Full Story


EIDL

SBA EIDL Application Deadline Extended 

The deadline for eligible small businesses, nonprofits, sole proprietorships, and independent contractors to apply for a #COVID19 Economic Injury Disaster Loan has been extended to 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟭.  

If your small business is suffering as a result of the economic impact caused by COVID-19, don't wait, but apply today!

 

Apply Here


Upcoming Events

GCC Image_WBC

Must-Have Financial Metrics and Project Reports for Government Contractors

Timely project reporting and performance metrics are central for both business development and contract delivery. Often, however, complex manual spreadsheets and burdensome procedures stand in the way of tracking project performance, invoicing your customers and prime partners, and winning new business.

Date: Thursday, January 14, 2021

Time: 3:00 PM - 5:00 PM CST

Location: Online 

Register NOW!

CMMC: The 5 Levels of Compliance

The need for CMMC Compliance has hit the DoD contractor space like a tidal wave! By 2026 all DIB contractors will be required to have some level of CMMC Compliance to continue to bid on contracts.

Join us as Scott McDaniel, VP of Technology, breaks down the 5 Levels of CMMC Compliance to give more color and context to the inevitable but obtainable standard.

Date: January 21, 2021

Time: 11:00 AM - 1:00 PM 

Location: Online 

Register Today 

CMMC Image
WBC Event

HR 101 - Hiring and Retaining the Best Employees

HR 101 – Fundamentals for Hiring Great Employees - From Recruiting to Selection Whether you are hiring your first employee or your 50th, these fundamentals will make you an HR pro. Too often, key components of the Recruiting and Selection process are overlooked. It is much easier to hire great employees than to deal with the effects of a bad hire.

Date: January 26, 2021

Time: 11:00 AM - 1:00 PM 

Location: Online

Register Today


Other News 

Pivoting to a new economy

SBA's Recovery HUB is here to help

A New Year brings new challenges and opportunities. SBA has resources to help you adapt.

We’re here to help you sustain your small business when health crises, hurricanes, and other disasters arise. Get started by reaching out to the Alabama District Office (205) 290-7101 for counseling and advice.

 

Women Owned Small Business 3

 

Goodbye 2020, Hello 2021! SBA is Here for Your Small Business in the New Year

For small businesses across America, 2020 was one of the most challenging years in history. The U.S. Small Business Administration (SBA) continues to stand ready to support small businesses impacted by the pandemic with educational resources and financial relief. The SBA also has your back if you are thinking about starting a business in 2021. 

Read the Full Blog Post Here to see tips on how to get your business off the ground.