Shop Small: Small Business Saturday is almost here!

 

Illinois District Office - November 2021

u s small business administration

In this newsletter, learn more about: 


Small Business Saturday is almost here!

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

Small Business Saturday is this Saturday, Nov. 27. Last year, shoppers came together to support their local communities, and Small Business Saturday hit a record high with an estimated $19.8 billion in reported spending.

You can contribute to the small business community with three simple steps:

  1. Enjoy the experience. Travel outside your comfort zone to discover an out-of-the ordinary shopping district with some trendy local stores and restaurants.
  2. Take part in Small Business Saturday on social media, using the hashtag #ShopSmall to amplify your support. If you find a unique small business or restaurant, share it via social media so others can enjoy it too.
  3. Share your shopping secrets.

Learn more


COVID EIDL Updates and Reminders

eidl

The COVID Economic Injury Disaster Loan (EIDL) program ends on Dec. 31, 2021. Businesses owners, non-profits, and other eligible entities must have applied or requested an increase by 10:59 pm CT that day to be considered for the program. 

COVID EIDL Program Updates

  • 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.

For more information about COVID EIDL, visit the SBA website. 

Questions? Join COVID EIDL Program Updates & Office Hours

Join the SBA's Illinois District Office to learn about the changes to the program and how to navigate the application and reconsideration process. Wednesday, December 1st at 3:30 p.m. CT. 

Register


Nominations for Small Business Awards Now Open

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

Nominations are now being accepted for the 2022 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation’s economy.

All nominations should be submitted electronically by 2 p.m. CT on January 11, 2022. The awards will be presented during the NSBW Awards ceremony in the first week of May 2022.

Nomination Checklist

Nominations must contain the information below. Incomplete nomination packages will not be considered: 

  • A completed background form 
  • A completed nomination form 
  • A digital photo of the nominee – at least 300 dpi is required
  • Additional supporting documentation deemed significant by the nominator, including news clips, letters of recommendation, nomination letter (if not self-nominated), and other evidence of the appropriateness of the nomination. Supporting documentation may not exceed 10 pages. Videos will not be considered.

Upload Instructions

Upload the required documents listed above. Please include the business name and award category in the file name so they may be considered for the correct category. 

Award

Upload Link

Small Business Person of the Year
Exporter of the Year
8(A) Graduate of the Year

Women's Business Center of the Year

Small Business Development Center of the Year

Phoenix Awards for Disaster Recovery
Federal Procurement Awards
Awards to SBA Resource Partners
Small Business Investment Company of  the Year  

 

Timeline and next steps

After you have uploaded all of your materials, the SBA may contact you for additional information if needed. The winners will be notified ahead of National Small Business Week which will take place in May 2022. During NSBW, the winners will be celebrated and honored with local and national SBA events.


Upcoming small business trainings

Woman in front of a computer with the text, "Watch our Webinar"

 

National Small Business Week Awards Nomination Training

Join the Illinois District Office for an overview of the National Small Business Week Awards nomination process. Wednesday, November 24, 10:00 a.m. CT

Register

COVID EIDL Office Hours

Join the SBA's Illinois District Office to learn about the changes to the COVID EIDL program and how to navigate the application and reconsideration process. Wednesday, December 1, 3:30 p.m. - 4:30 p.m. CT


Stay updated

Visit sba.gov/relief for updates on the loan programs, guidance for businesses and employers, and other SBA resources.

If you have questions about your already submitted COVID EIDL application, contact the SBA Disaster Customer Service Center at 833-853-5638 or disastercustomerservice@sba.gov.

Follow @SBA_Illinois on Twitter.

E-mail questions to illinois.do@sba.gov.