Tools to Help Your Business Grow

St. Louis District Office

June 15, 2021

u s small business administration

Elevate Your Woman-Owned Small Business with Ascent!

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Women own or co-own 45% of all businesses in the United States. These businesses represent all types of industries and are owned by all types of women. The majority are small, with great potential for growth in both revenue and job creation. That’s why we created Ascent and packed it with in-depth information to help you grow your business.

Ascent is divided into major topics called Journeys, developed by experts in women's entrepreneurship. Choose any journey to start, skip the ones you already know.

Within each Journey, you'll find Excursions with the tools you need to master a topic. Each excursion includes a time estimate for completion. You're the boss of when and how to apply these tools to your business.

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SBA Announces Funding Competition to Organizations Providing Federal Procurement Training to Veteran Entrepreneurs

 The U.S. Small Business Administration announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $500,000 to deliver federal procurement training to veteran and service-disabled veteran entrepreneurs. The application period runs through July 12, 2021.

Up to two awardees will use the $500,000 in total funding to participate in the Veteran Federal Procurement Entrepreneurship Training Program (SB-OVVT-21-001) with grants from SBA’s Office of Veterans Business Development. Awards will be made for a base project period of 12 months, with three option periods of 12 months each. These funds will be used to cover the costs of educating veterans and service-disabled veterans who intend to pursue, or are already engaged in, federal procurement.

SBA’s Office of Veterans Business Development will host a conference call on Tuesday, June 22, 2021, at 1 p.m. CDT to answer questions related to the Veteran Federal Procurement Entrepreneurship Training Program grant announcement. Please submit any questions to Jerry Godwin at no later than Thursday, June 17, 2021. To join the call, please use the following information:

Information, including a transcript of the conference call once it is available, will be posted on and

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COVID-19 Economic Injury Disaster Loan

Eligible small businesses, nonprofits, sole proprietors and independent contractors can still apply for the Economic Injury Disaster Loan.

Targeted EIDL Advance

The Targeted EIDL Advance provides businesses in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Advance funds of up to $10,000 will be available to applicants in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.

Supplemental Targeted Advance

The Supplemental Targeted Advance provides the smallest and hardest hit eligible businesses with a supplemental payment of $5,000 that does not have to be repaid. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. The combined amount of the Supplemental Targeted Advance ($5,000) with any previously received EIDL Advance or Targeted EIDL Advance ($10,000) will not exceed $15,000.

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Resource Partner Virtual Events

Thursday, June 17

Find Your Brand MOJO with Video Storytelling| 11:00 a.m.| Hosted by Missouri Small Business Development Center| Register

Take Control: Owning the Sales Process, Part 1: Preparing for the Sale|  1:30 p.m.| Hosted by Missouri Small Business Development Center| Register

Friday, June 18

Franchising: Start a Business, Keep Your Day Job!| 9:00 a.m.| Hosted by SCORE| Register

SBA Newsletter