Details on the PPP Forgiveness Portal

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Photo of Vice President Harris and Administrator Guzman

 

In case you missed it! On July 29, 2021, Vice President Kamala Harris and Administrator Isabel Casillas Guzman joined small business owners from across the country as part of the Getting Back on Track Webinar Series to discuss government resources and tools that are helping small business owners recover from the pandemic and build back better.

Watch


Photo of Veronica Pugin with text COVID EIDL Small Business Relief and Recovery Webinar

 

The SBA Office of Capital Access will host a webinar series for small business owners to discuss the COVID EIDL (Economic Injury Disaster Loan) program’s small business loans. The COVID EIDL program is a Federal small business loan program designed to support small businesses to recover from the COVID-19 economic recession by providing accessible and borrower-friendly capital.  

The majority of the information in each webinar will be the same. Please also note these events are closed to press.


Illustration of a laptop with text that includes, PPP Forgiveness Portal

 

On July 28, 2021, the SBA launched a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.

Learn more


Illustration of a document and an envelope with text that includes small business procurement scorecard

 

The federal government has exceeded its small business federal contracting goal, awarding more than $145 billion in federal contract dollars to small businesses, a $13 billion increase from the previous fiscal year. 

Learn more


Photo of two women with text that includes women's business center funding opportunity

 

On July 28, 2021, the SBA announced $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center host organizations. When funded, the WBC’s will provide business services for women entrepreneurs in Puerto Rico.

Learn more


Illustration of theatre mask & tickets with text that includes Shuttered Venue Operators Grant, over 10,000 grants awarded to venues in all 50 states

 

On July 27, 2021, the SBA announced that the Shuttered Venue Operators Grant program has awarded over $7.5 billion in total funding to more than 10,000 live venues and related businesses across America and U.S. territories.

The SVOG portal remains open and funding is still available for all eligible applicants. However, do not wait. Submit your application as soon as possible.

Learn more


Illustration of a building with a banner that says 68 years and text that includes helping small businesses thrive for nearly seven decades

 

Today, July 30, 2021 marks the 68th anniversary of the SBA. We're honored to support America's small businesses and dedicated to helping them recover, rebuild and be resilient. 

Learn more


Photo of the SBA Administrator at a table with small business owners and leaders from the Richmond community

 

This week, Administrator Guzman visited Richmond, VA to meet inspiring small business owners who were able to pivot, recover and grow with help from SBA programs and resources. Watch a video of the visit and follow the Administrator on Instagram to see photos and videos of all her visits to small businesses across America. 


SBA and PPSI Educational Webinar Series, Getting Back on Track: Help is Here

 

Join the SBA and Public Private Strategies Institute for a webinar on August 5, 2021 at 2:00 p.m. EDT to help you get your business back on track. During the webinar, you will:

  • Hear about what steps you can take now to learn and take advantage of new and existing programs that are available at the SBA
  • Get an update regarding programs and recent policy announcements made by the Biden-Harris Administration
  • Have your questions answered by SBA Leadership and small business experts
  • Learn how you can become a vaccine leader in your community
  • Discover tools and resources you can use to take your business digital

The webinars in this series are open to any small business owner and leader. They are divided geographically by SBA regions and feature guest speakers from the corresponding areas. However, the majority of the information pertains to a national audience, so you may register for a webinar outside your location.

Register


Government contracting

 

Interested in government contracting? Register for SBA's webinar on August 10 at 2:00 pm EDT to learn about the following programs:

  • 8(a) Business Development program
  • Woman Owned Small Business program
  • Service Disabled Veteran Owned Small Business program
  • Historically Underutilized Business Zone program
  • Mentor-Protégé program 

Register


Pharmacy worker with a mask on. Logo that includes a map of the United States with the words “We Can Do This.”

 

Did you know? Eligible businesses that allow employees to get a COVID-19 vaccine can receive a tax credit. Partner with a vaccine provider to host an on-site vaccination clinic.

Find a vaccine provider


Image of a calendar with the text, Special enrollment period now until Aug.15

New, Lower Costs on Marketplace Health Insurance Plans

You may be eligible for more savings and lower costs on health coverage through the Health
Insurance Marketplace due to the American Rescue Plan Act of 2021.

What’s new:

  • More people than ever before qualify for tax credits that lower the cost of health coverage, even those who weren’t eligible in the past.
  • Most people currently enrolled in a Marketplace plan will qualify for more tax credits.
  • Health insurance premiums after these new savings will go down.
  • 4 out of 5 customers can find a plan for $10 or less per month.

Fill out and submit your application on HealthCare.gov (or CuidadoDeSalud.gov for Spanish speakers) by August 15, 2021. After you submit your application, you have 30 days to enroll in a plan. Coverage starts the first day of the month after you enroll. 

Learn more


Photo of a woman in front of a table with a plate of cheesecakes

Get Inspired: Small Business Success Story


In 2013, Chera Amlag and her husband Geo Quibuyen started a passion project, monthly Filipino pop-up dinners, where they could share their Filipino culture through food. Drawing inspiration from her first memories of cooking a Filipino dessert Halaya with her mother, Amlag combined her love of Ube, a purple yam, and cheesecake to create Ube Cheesecake, which people started requesting long after its debut during their second pop-up.

Learn more


Beware of malicious COVID-19 phishing

 

As a reminderSBA directly communicates from email addresses ending in @sba.gov. SBA also communicates via email updates/notifications using an email marketing platform, (the same one you are receiving this newsletter from). Those emails end in @updates.sba.gov.

If you applied for the Shuttered Venue Operators Grant and emailed the SVOG Support Center, you may receive an email back from a zendesk.com account. This is an authorized SBA contractor.

If you are being contacted by someone claiming to be from the SBA who is not using an official SBA email address, you should suspect fraud. To report potential fraud, visit sba.gov/covidfraudalert.


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Small Business Tax Credit Programs

Did you know that the American Rescue Plan extends a number of critical tax benefits, particularly the Employee Retention Credit and Paid Leave Credit, to small businesses?

Learn more


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Federal Coronavirus Resources

State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov for updates. Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention. Visit covid-sb.org, the official federal resource website for U.S. small businesses affected by COVID-19.

Learn more about the federal government's response


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Virtual Mentoring and Training 

SCORE, Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and other resource partners are providing free virtual business mentoring and training by phone, email, and video.

Find an SBA resource partner near you


Join the SBA team: Employment opportunities to support SBA's COVID-19 pandemic response