South Dakota District Office Updates

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South Dakota District Office  

u s small business administration

UPDATED GUIDANCE FOR EIDL PROGRAM APPLICANTS

The SBA announced the following updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available:

  • 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.

The COVID EIDL and EIDL Advance programs still have billions of dollars available to help small businesses hard hit by the pandemic. More than 3.8 million businesses employing more than 20 million people have found financial relief through SBA’s Economic Injury Disaster Loans.

Learn more

Apply today


 

Illustration of a main street with small businesses and the following text, Small Business Saturday, November 27, 2021

 

Save the date! Administrator Isabella Casillas Guzman encourages Americans to Shop Small on Small Business Saturday®, November 27, 2021, in support of their local businesses and Main Street economies. 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.

Learn more


 

Illustration of a trophy with the following text, 2022 National Small Business Week Awards. Now accepting nominations. Visit sba.gov/nsbw

 

SBA Announces Call for Nominations for 2022 National Small Business Week Awards

Throughout the pandemic, the American entrepreneurial spirit has helped us propel our nation forward. America’s small businesses are helping build back the U.S. economy and we would like to honor these individuals for their resiliency and achievements during SBA’s 2022 National Small Business Week.

If you or someone you know has an inspiring small business success story to tell, submit a nomination for the SBA’s National Small Business Week Awards. All nominations must be submitted electronically no later than 3:00 p.m. ET on January 11, 2022. Winners will be announced during National Small Business Week in May 2022.

Learn more


 

SBA Upcoming Events

wosb

 

WOSB Certification Eligibility and Application Process Webinar

Tuesday, November 23, 2021 3–4pm EST

SBA’s Women-Owned Small Business Federal Contracting Program oversees the process for Women-Owned Small Businesses (WOSBs) and Economically Disadvantaged Women-Owned Small Business certifications. This seminar session will give a general overview of the program, eligibility for the program, preparing to apply, completing and submitting an application. The session will also go over relevant issues and trends in the program and include a question and answer portion.

Register at:  https://www.eventbrite.com/e/wosb-certification-eligibility-and-application-process-webinar-tickets-134537728969?utm_medium=email&utm_source=govdelivery


 

Photo of four people with the following text, SBA Celebrates National Native American Heritage Month on November 30, 2021 at 1 pm EST

 

November is National Native American Heritage Month!

Join the SBA on November 30, 2021 for an online panel discussion with Native American business owners who will share their small business stories, how they pivoted during the pandemic, and the SBA resources they used to start and grow their businesses.

Register


 

public

 

The SBA and Public Private Strategies Institute have teamed up to provide small business owners with a series of webinars that will cover resources to help small businesses grow and thrive. Join us for the next session on Wednesday, December 1, 2021 at 2:00 p.m. ET: Government Contracting and Procurement.

During this webinar, you will:

  • Learn more about COVID EIDL and how you can take advantage before December 31, 2021
  • Discover tools and resources you can use to start and grow your business
  • Have your questions answered by SBA leadership and small business experts
  • Learn how you can become a vaccine leader in your community
  • Get an update regarding programs and recent policy announcements made by the Biden-Harris Administration

Register


SBA Resource Partner Upcoming Events

score

Work Smarter, Not Harder: How to Systematically DO the Highest Value Activities in Your Business

Tuesday, November 30, 2021                                        1:00 PM EST 

Everyone knows they’re supposed to work “smarter” not harder, but how do you actually get yourself to do this with an overfull to-do list that goes on for pages?

In the face of competing demands for your time and attention we’ll bottom line the way to actually DO “working smarter”, not theoretically, but practically speaking, from an “in the trenches” perspective. 


Join this webinar, presented by Wall Street Journal bestselling author of SCALE David Finkel, to learn tangible ways to implement this strategy into your business and make a difference today.Small Businesses face different financial challenges throughout each life stage of their business. From initial startup investments to deciding when is the right time to hire employees, business owners are constantly evaluating the impact of financial decisions.

Register at: https://readytalk.webcasts.com/starthere.jsp?ei=1505286&tp_key=5009229758&sti=bizsuccess


 

social

 

Google My Business and Local SEO

Wednesday, December 8th                                 10:30 am - 12:00 MT

Customers being able to find your business is crucial - how else will they find you? The pandemic has made it even more imperative for small business owners to prioritize local search engine optimization so their customers and clients can find them. As continuous changes continue to take place, it's even MORE important to be sure the information about your business online is accurate and updated.

This webinar is live and FREE to join!

It will be taught via Zoom with the opportunity to ask questions throughout the presentation.  Register at: https://sdceo.ecenterdirect.com/events/1018500


 

crypto

 

Tuesday, December 14, from 6-8 p.m. at the Clare and Josef Meier Hall at Black Hills State University in Spearfish. Doors open at 5 p.m. 

On November 3, SD CEO West hosted local bitcoin trader and entrepreneur, Kimberly Woodbury as she discussed: 

  • Digital currency, including bitcoin 
  • Blockchain technology 
  • Industries that may face disruption 
  • How businesses can participate in the blockchain RIGHT NOW 
  • How it could help businesses in South Dakota mitigate the economic effects of COVID-19 

Because of the positive feedback received, and we ran out of time to answer the many questions from our over 130 attendees … we are bringing back Kimberly and David Woodbury to Meier Hall! 

Kimberly will provide a short recap of what she covered on Nov. 3, and David will provide an update on what is happening in the bitcoin and Altcoin markets NOW and what you need to know. The rest of the evening will include open Q&A during the “Crypto Fireside Chat”. 

This is a fantastic opportunity to get your questions about crypto answered by two local experts!  Register at: https://sdceo.ecenterdirect.com/events/1018518