Fall into October Happenings with the SBA

New Hampshire District Office - October 4, 2021

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JOIN us for Webinar Wednesday and Hear about the COVID EIDL Program Enhancements

Do you have questions on how your business can take advantage of these new enhancements?

 

Join us every Wednesday at 9 to get a current update on the EIDL Enhancements and on all things SBA. Learn how SBA programs can help you.

Register here 

The COVID EIDL policy changes have taken effect:

  • Maximum loan cap increased from $500,000 to $2 million
  • Use of funds was expanded to include payment and pre-payment of business non-federal debt incurred at any time (past or future) and payment of federal debt
  • Extend the deferment period to 24 months from origination for all loans (existing loans with a less than 24-month deferment will be adjusted)
  • Affiliation requirements simplified to an affiliate is a business that you control or in which you have 50% of more ownership
  • Developed additional path to meet program size standards for businesses assigned a NAICS code beginning with 61, 71, 72, 213, 3121, 315, 448, 451, 481, 485, 487, 511, 512, 515, 532, or 812
  • Exclusivity Period: From September 8, 2021, to October 8, 2021, the above policy changes will be applicable to applications for <$500K while applications for >$500K will not be approved and therefore receive the policy changes until October 8, 2021
  • See more details on the COVID-19 September 8, 2021 Policy Changes.
  • More information on EIDL 

Disasters don't plan ahead, but you can. Protect your business today.

Join SBA New England for a Disaster Preparedness Webinar to help your #Smallbiz plan.

October 13 ~ 10-11am

Disasters can take many forms and the financial cost of rebuilding after a disaster can be overwhelming. If you’re prepared for emergencies, you’ll be in a better position to recover and continue operations should disaster strike.

In this webinar you will learn:

  • How to assess your risk, knowing which disasters are most likely to affect your business can help you return to operations faster.
  • How to create a disaster recovery plan
  • Financial assistance available after disasters

Register Here


Government Contracting Matchmaker

MA Small Business Government Contracting Matchmaker

October 15th ~ 8am- 5pm

The SBA invites you to the Massachusetts 2021 Virtual Contracting Matchmaker where businesses will have the unique opportunity to meet virtually with government agency buyers and representatives, as well as large prime contractors.

Speakers include Senator Elizabeth Warren and Bibi Hidalgo, Associate Administrator SBA Office of Gov Contracting & Business Development

Register Here 


Disaster Loans Apply

SBA Disaster Assistance Available to Cheshire County NH Private Non-Profit Organizations Affected by Severe Storms and Flooding

Private Non-Profit organizations (PNPs) in New Hampshire that do not provide critical services of a governmental nature may be eligible to apply for low-interest disaster loans. PNP's located in Cheshire County in New Hampshire are eligible to apply. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges. The filing deadline to submit applications for physical property damage is Nov. 29, 2021. The deadline to submit economic injury applications is June30,2022

Read Entire PRESS RELEASE Here


What others are doing to help #smallbiz

WREN and the Grafton Regional Development Corporation offer Grant

Was your small business affected by the pandemic?

WREN and the Grafton Regional Development Corporation have teamed up to offer direct $2,500 grants from the CARES Act to small businesses seeking funds to recover from, prepare for, or respond to the pandemic.

These funds can be used for expenses such as rent, technology updates, payroll, inventory, and materials.

These costs can be from earlier in 2021 or those needed to continue your business through the end of the year.

The deadline to apply for these grants is December 8, so don't hesitate! To learn more about what these grants can cover, and eligibility, visit GRDC's website or call 603-536-2011, extension 1.


We Want your Feedback

There's Still Time to Help the NH SBDC

SBDC's Business Resiliency Survey is live through Friday, 10/8 at midnight!

37 years...that's how long SBDC has been serving NH businesses. Through good times, bad times, and the last 18 months of the pandemic we've been by your side. Like so many of you, we pivoted during COVID because we listened to what you said you needed and the feedback you gave us in our surveys. Then we rolled up our sleeves and figured out how to provide new and even better services.

Now we need your help so we can keep innovating for you. Your survey response is critical to determining our next steps and those of economic development partners across the state that want to help build a stronger NH economy.

Give us 15 minutes and we'll give you another 37 years!

Take the Survey here 


GOFERR Deadline - October 8th

The Governor’s Office for Emergency Relief and Recovery (GOFERR) announced that the application deadline for the COVID-19 Expenses Relief Program will be extended by one week, to allow for eligible businesses to apply for reimbursement of a portion of their eligible expenses until 4 PM on Friday, October 8, 2021, via the GOFERR portal.

Note: More information on the program, including eligibility information, can be found here.


1 Million Cups Returns to Concord

October 6th ~ 9-10am

Join us next Wednesday, October 6th at 9:00 AM for 1 Million Cups Central New Hampshire. This is a hybrid meeting so we will have both an in-person at The Hotel Concord and a virtual option to allow you to comfortably connect with others, support local entrepreneurs, and enjoy a cup of coffee!

More Information


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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