Updated Information on Coronavirus Funding Resources and Upcoming Events

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South Carolina District Office

u s small business administration

Featured Events

Building Partnership with NIH


Building Partnerships with NIH

The U.S. Department of Health and Human Services (HHS), Office of Small and Disadvantaged Business Utilization (OSDBU) is reaffirming its commitment to empower small businesses in their growth efforts with our next and final Access2Success (A2S) Listening Lab for fiscal year 2021, entitled, “Building Partnerships with NIH.” If you have not had the opportunity to connect to one of our listening labs, we encourage you to join us! During this listening lab, we will deliver “real access” to critical information and resources needed to do business with the National Institutes of Health (NIH). We continue to support the growth, longevity and sustainability of small businesses across the nation!

Wednesday, March 31, 2021 - 1:00pm EDT

Register


Government contracting

 

Federal Contracting Readiness Program (FCRP)

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, and Federal Acquisition Regulations (FAR) / DCAA Compliance.

Friday, April 2, 2021 - 12:00pm EDT

Register


Information Corner

eidl

SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022

The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022.

  • All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.
  • All SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note.

Existing SBA disaster loans approved prior to 2020 in regular servicing status as of March 1, 2020, received an automatic deferment of principal and interest payments through December 31, 2020. This initial deferment period was subsequently extended through March 31, 2021. An additional 12-month deferment of principal and interest payments will be automatically granted to these borrowers. Borrowers will resume their regular payment schedule with the payment immediately preceding March 31, 2022, unless the borrower voluntarily continues to make payments while on deferment. It is important to note that the interest will continue to accrue on the outstanding balance of the loan throughout the duration of the deferment.

COVID-19 EIDL loans are offered at very affordable terms, with a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity. Interest continues to accrue during the deferment period and borrowers may make full or partial payments if they choose.

Questions on SBA COVID-19 EIDL and disaster loan payments can be answered by email at DisasterCustomerService@sba.gov or by calling SBA’s Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339).


Shuttered Venue Operators Grant. Accepting applications starting on April 8. sba.gov/svogrant

 

SBA Launches Portal to Begin Accepting Shuttered Venue Operators Grant Applications on April 8

National informational webinar to review application process today

The U.S. Small Business Administration is launching a splash page for the Shuttered Venue Operators Grant (SVOG) application portal in anticipation of opening applications for the much-anticipated critical economic relief program on Thursday, April 8, 2021.

Prior to the official SVOG application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 2:30 to 4 p.m. ET on Tuesday, March 30, 2021. Those interested in participating can register here.

The SVOG program was established by the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, which appropriated $15 billion for it. The American Rescue Plan Act, signed into law by President Joe Biden on March 11, 2021, appropriated an additional $1.25 billion, bringing the program funding to a total of $16.25 billion, with more than $16 billion allocated for grants.

To ensure eligible venues do not miss a window to receive assistance through the Paycheck Protection Program, the American Rescue Plan Act also amended the SVOG program so entities that apply for a PPP loan after Dec. 27, 2020, can also apply for an SVOG, with the eligible entity’s SVOG to be reduced by the PPP loan amount. The PPP loan applications have been updated to reflect this.

As the SBA builds and prepares to open the program, the dedicated SBA website, www.sba.gov/svogrant, which includes frequently asked questions, video tutorials and other SVOG details, is the best source for information for those looking to apply for a grant. To prepare in advance of the SVOG application portal opening on April 8, potential applicants should get registered in the federal government’s System for Award Management (SAM.gov), as this is required for an entity to receive an SVOG, and reference the preliminary application checklist and eligibility requirements


Upcoming Events

Meet the SC WBC
SBA Sponsored
Tuesday, March 30, 2021 - 11:00am EDT

Nonprofit Grant Writing
SCORE Business Mentor
Wednesday, April 7, 2021 - 12:00pm EDT

Contracting with SBA and Benedict College WBC - Part 1
SBA Sponsored
Wednesday, April 7, 2021 - 3:00pm EDT

End of 2020 Tax Season
SBA Sponsored
Thursday, April 8, 2021 - 10:00am
 EDT


Now Accepting Applications!

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