SBA News: ICYMI: Important Updates This Month

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Minnesota District Office

u s small business administration

SBA Resources Available Now

Operators of live venues and related businesses can still apply for the Shuttered Venue Operators Grant.

The SVOG program includes over $16 billion in grants to shuttered venues. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. 

Apply here

Eligible entities can apply for a COVID-19 Economic Injury Disaster Loan.

In response to COVID-19, eligible entities can apply for a low interest working capital loan to help meet financial obligations and business operating expenses. This is a direct loan from the SBA to the entrepreneur and is not forgivable. Potential applicants can review the EIDL Frequently Asked Questions for more information. 

Read more

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. Applicants do not need to take any action. SBA is reaching out to those who qualify.

Learn more

SBA resource partners can help you at every stage of your entrepreneurial journey.

The SBA works with a number of local partners to counsel, mentor, and train small businesses. Find a resource partner near you by going to www.sba.gov/localassistance. Input your zip code and get connected today!

Get connected


Entrepreneurship for all Banner

Entrepreneurship for All

June 16, 5:30 p.m., Owatanna, Minn.

SCORE is hosting an in-person event that will recognize the achievements of the diverse entrepreneurs in the larger Minnesota community and beyond.

Three presenters will highlight their journeys as they pursue their business vision through perseverance, overcoming hurdles, education, business formation, and relationship building.

Learn More


Upcoming SBA Trainings

The SBA Minnesota District Office is hosting training webinars to provide SBA COVID-19 funding options and general technical assistance to help entrepreneurs and small business owners start, grow, expand, and recover. 

To learn more and register today, visit the links below:

  • COVID Relief Office Hours
    June 16, 30, 2 p.m.; Register
  • Grow Your LGBTQ Small Business with SBA Programs and LGBTBE Certification 
    June 23, 12 p.m.; Register

local assistance, resource partners, coronavirus, get free virtual counseling, mentoring, and training

SBA Resource Partner Trainings

  • Gender and Culture Difference in Negotiation (SCORE)
    June 9, 11 a.m.; Learn More
  • Introduction to the Defense Innovation Unit (Defense Alliance) 
    June 10, 11 a.m.; Learn More
  • Digital Marketing (SCORE)
    June 10, 11 a.m.; Learn More
  • Immigrant Entrepreneurs Summit 
    June 11, 9 a.m.; Learn More
  • PPP and Other COVID Relief Options (SCORE)
    June 15, 9 a.m.; Learn More
  • National Science Foundation SBIR/STTR Information Session (Minnesota SBIR/STTR Accelerator)
    June 15, 9 a.m.; Learn More
  • Food Safety Discussion with 301, Inc. (NDC)
    June 16, 10 a.m.; Learn More

  • Multicultural Marketing (SCORE)
    June 16, 11 a.m.; Learn More
  • Get Financially Fit (NDC)
    June 17, 12 p.m.; Learn More
  • Intro to Social Media Advertising (SCORE)
    June 17, 2 p.m.; Learn More
  • 4 Essential Ingredients to a High Converting Sales Page (SCORE)
    June 17, 11 a.m.; Learn More

  • Improve Workplace Productivity with 5S (NDC)
    June 22, 6 p.m.; Learn More
  • Insurance Options for Small Businesses (SCORE)
    June 23, 12 p.m.; Learn More

  • Small Business Insurance – Are You Covered? (NDC)
    June 24, 5:30 p.m.; Learn More

  •  Grow Your Business with Video & YouTube (SCORE)
    June 24, 2 p.m.; Learn More
  • Business Recycling Grant (NDC) 
    June 29, 11:30 a.m.; Learn More
  • Scale Smart: Where to Start (SCORE)
    June 29, 11:30 a.m.; Learn More


Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

If this newsletter was forwarded to you, sign up to get it directly via  sba.gov/updates. Be sure to add your MN zip code to receive this Minnesota-specific information.

Join us on Twitter (@SBA_Minnesota) for information as it becomes available too.