Next Round of PPP and Government Contracting Training

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

South Carolina District Office

u s small business administration

Featured Events

How to Do Business with the Federal Government

7j Training: Government Contracting 101

Government Contracting 101 is a workshop for those individuals that are thinking about going into government contracting, or small businesses that are just starting out in Government Contracting. This is a foundational course for other Government Contracting Training and Coaching.

You will learn:

  • If government contracting is an option for you
  • The basics of how to start in Government Contracting
  • How to market your business in Government Contracting
  • About Solicitations, Teaming, and Contracts.

Open to 7(j) Eligible firms which are Firms located in HUBZone, 8a Firms, Economically-Disadvantaged Women-Owned Small Business, and firms located in areas of high unemployment, or a Low-income Individuals.

Tuesday, January 12, 2021 - 3:00pm CST


Register


7j Training: Federal Contracting Readiness Program

This comprehensive (8) week training program will assist 7(j) eligible firms interested in obtaining 8(a) certification. The webinar will focus on the process of becoming “Federal Contracting Ready”. Come see how obtaining 8(a) certification can catapult your company to the next level!

You will learn about:

  • 8(a) Eligibility Requirements
  • The Federal Contracting Environment
  • Potential for Success
  • Federal Acquisition Regulations (FAR) / DCAA Compliance.

Open to 7(j) Eligible firms which are Firms located in HUBZone, 8a Firms, Economically-Disadvantaged Women-Owned Small Business, and firms located in areas of high unemployment, or a Low-income Individuals.

Starts Friday, January 22, 2021 - 11:00am CST

Register


Information Corner

PPP

PPP is Reopened!

The Paycheck Protection Program (PPP) has re-opened this week 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. 

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan. 

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:

Top line overviews of each PPP loan are below:

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares


Upcoming Events

Make 2021 The Year of the Customer Workshop
SCORE Business Mentor
Thursday, January 14, 2021 - 12:00pm EST
Register

Get Your Local Business on Google Search and Maps GoToWebinar
SCORE Business Mentor
Tuesday, January 19, 2021 - 12:00pm EST
Register

Patent/Trade Secrets Protection
Small Business Development Center
Tuesday, January 19, 2021 - 1:30pm EST
Register