NH SBDC Survey - UPDATES - What Others are Doing for #Smallbiz

New Hampshire District Office - February 1, 2021

u s small business administration

Take Part in the - NH SBDC's 2021 Business Resiliency Survey- Part 2

SBDC Survey

Phase 2 of the 2021 NH SBDC Business Resiliency Survey 

February 1-15th

By participating in the NH Small Business Development Center (SBDC) survey it will help deepen their understanding of the impact of COVID-19 on small businesses throughout New Hampshire. They learned a great deal in last summer’s Phase 1 Survey. Businesses and their responses to the pandemic have evolved while some businesses have thrived, many are still struggling and need help. By leveraging the survey results, NH’s economic development partners will be able to help small businesses recover and become more resilient.

The survey will be live through February 15 and should take less than 10 minutes to complete.  

Together - with your input - we can help even more NH businesses through these challenging times.

Survey Link

This survey is being administered by the

University of New Hampshire Survey Center


Update on - SBA 7A Guaranteed Loans

SBA-Guaranteed Loans. Lending Partner - Loan - Small Business

SBA announced enhancements to the 7a loan program effective 12/27 through 10/1/21 that gives lenders additional incentive to lend -- helping small businesses access capital and save money:

  • No fees to borrowers or lenders
  • Guarantee from SBA to lenders raised to 90%
  • Guarantees on the Express loan program under $350,000 raised from 50% to 75%
  • Express loan limit increased to $1 million through October 2021
  • No Third Party Lender fee or CDC Processing fee on 504 loans
  • More Information Here

Update on - The Paycheck Protection Program (PPP)


Paycheck protection program, PPP

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

 

For guidance visit Paycheck Protection Program (sba.gov)

and US Treasury  website.

SBA has released PPP approval data through 1/24

Nationwide there have been 400,580 approvals for $35,017,654,071 with a total of 4,526 lenders participating.

 


shuttered venues operators grant

Shuttered Venue Operators (SVO) Grant Program

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

For additional details, see our Shuttered Venue Operators Grants Frequently Asked Questions.


What Others are Doing for #Smallbiz

HUD Financial Assistance -Expanding Economic Opportunities for Low/Very Low-Income Persons

Section 3
What is Section 3? Section 3 requires that recipients of certain HUD financial assistance, to the greatest extent possible, provide training, employment, contracting and other economic opportunities to low- and very low-income persons, especially recipients of government assistance for housing, and to businesses that provide economic opportunities to low- and very low-income persons.
For Residents – If you receive HUD financial assistance or meet the criteria for low- or very low-income for your community, you are eligible for work under Section 3. Log onto the Section 3 Opportunity Portal to create an account. Once you have an account you can upload your profile and employment history. You may also search for job opportunities through the Section 3 Opportunity Portal.

For Employers – If your business qualifies as a Section 3 business concern, you may self-certify for addition to the Business Registry. The Business Registry allows recipients of HUD funds to identify potential businesses to award             HUD-funded contracts. 

For more information, please visit the Section 3 Opportunity Portal

Here


Join us for our SBA Wednesday Weekly Webinar

Every Wednesday morning from  9-10am

Join the SBA team for the newest updates on all the SBA recovery Programs as well as learn about the SBA programs and  resources that help small business owners start, grow, expand and recover. Get the latest updates and learn how to access these technical and financial resources that can assist you in all phases of business ownership. We will also highlight any training opportunities that will be coming up from our office and our resource partners.

Join Microsoft Teams

Here

Join our Mailing List for all the upcoming Updates and Activities Happenings Here 

Download a PDF copy of the February Calendar of Events 

Here


Beware of Malicious Phishing

Beware of malicious COVID-19 phishing

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Ways to Connect with SBA New Hampshire:

Websitewww.sba.gov/nh
EmailNewHampshire_DO@sba.gov
Twitter: @SBA_NH

Phone: 603-225-1400