WV District Office Weekly Recap -- November 19, 2021

WV District Office - November 19, 2021

u s small business administration

Weekly Update - WV District Office

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West Virginia Native hired by U.S. Small Business Administration

Raychel Fitzwater, far right during virtual swearing in ceremony.

Raychel Fitzwater, far right during virtual swearing in ceremony.

The U.S. Small Business Administration welcomes Raychel Fitzwater to their West Virginia District Office team. Fitzwater was recently hired as an Outreach and Marketing Specialist. Prior to this position, Raychel served at the SBA as a temporary CARES Act Program Support Assistant where she focused on SBA’s CARES relief funding programs and provided guidance to small businesses.

In her new role, Raychel is responsible for creating and fostering relationships with economic development organizations around the state to help promote SBA’s programs and services.  She will represent the SBA at outreach events such as trade shows, business expos, round tables, and more, to provide information to the public about SBA.  She will conduct training activities on SBA’s programs and services to educate both the public and our partner organizations on what is available to assist the small business community.

Raychel is a West Virginia native and recently obtained her master’s degree in Business Administration from Fairmont State University. In her free time, she is involved with local philanthropy, spends time with family, and enjoys traveling.

“I look forward to my time in the SBA helping serve small businesses of the Mountain State and giving back to the state I was born and raised in,” states Fitzwater.

SBA Administrator Encourages Americans to ShopSmall® for 12th Annual Small Business Saturday®

U.S. Small Business Administration Administrator Isabella Casillas Guzman encouraged Americans to Shop Small on Small Business Saturday®, November 27, in support of their local businesses and Main Street economies.  

 “This Small Business Saturday, let’s celebrate the contributions of small businesses to our communities by supporting small in all the ways that we can,” said Administrator Guzman. “With vaccinations on the rise thanks to President Biden’s leadership, our local Main Streets and business centers are seeing renewed activity. On Saturday and throughout the holiday season, let’s patronize our small shops, restaurants, theaters, entertainment centers, and more to help support their recovery. It takes hard work, grit, and determination to bounce back from a once-in-a-generation pandemic, and the SBA is proud to do its part to provide entrepreneurs with vital resources. Now more than ever, let’s buy local to support small business owners who are creating opportunity and driving job growth across the nation.” 

 Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make an impact in their neighborhoods by supporting local small businesses from nearly every sector – from manufacturing to e-commerce, to Mom-and-Pop shops on Main Street. The day is designed to support local businesses that create jobs, boost the economy, and enliven neighborhoods around the country.  

 Small Business Saturday 2021 comes during a pivotal time for the country: through decisive actions taken by the Biden-Harris Administration to combat the coronavirus, 70 percent of adult Americans are now fully vaccinated, up from less than one percent when President Biden took office and more than 80 percent have had at least one dose. Evidenced by growing consumer confidence across the board, encouraging vaccinations has become critical to getting Main Street back on its feet. 

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SBA West Virginia District Seeks Nominations for Small Business Week 2022

Do you or someone you know have what it takes to become America’s “Small Business Person of the Year” for 2022?  If so, the U.S. Small Business Administration (SBA) wants to hear from you. 

The U.S. Small Business Administration West Virginia District Office is proud to announce that the SBA’s West Virginia District Office is ready to accept nominations for its 2022 National and West Virginia Small Business Week Awards, including the annual Small Business Person of the Year award.

Visit SBA’s dedicated website www.sba.gov/nsbw to download forms, criteria, and guidelines for submitting a nomination. West Virginia District nomination guidelines and district awards categories can be found on the district’s website at www.sba.gov/wv.

The SBA Awards given in celebration of National and District Small Business Week include the following awards:

West Virginia District Small Business Week Categories:

  • Small Business Person of the Year (National and District)
  • Small Business Exporter (National and District)
  • WV Family-Owned Small Business of the Year
  • WV Veteran-Owned Small Business of the Year
  • WV Woman-Owned Small Business of the Year

All nominations must be received by the West Virginia District Office by electronic submission ONLY to the District’s BOX account, no later 3:00 p.m. on January 11, 2022

To obtain information or receive a copy of the National/West Virginia District Nomination Guidelines, please contact Nikki Bowmar at nikki.bowmar@sba.gov.

WV District Award Information

National Small Business Week Award Information

SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program

Today, the U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms, and hotels, has approved nearly $300 billion in relief aid. Specifically, the following updated guidance is being provided:

  • EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
  • Supplemental Targeted Advance applications will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The SBA cannot continue to process Supplemental Targeted Advance applications after December 31 and strongly encourages eligible small businesses to apply by December 10 to ensure adequate processing time.
  • Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date, or until the funds are exhausted, whichever is soonest.
  • The SBA will accept and review reconsideration and appeal requests for COVID EIDL applications received on or before December 31 if the reconsideration/appeal is received within the timeframes in the regulation. This means six months from the date of decline for reconsiderations and 30 days from the date of reconsideration decline for appeals – unless funding is no longer available.

EIDL Information

Training Schedule

Full Schedule