The U.S. Small Business Administration has some key changes to the Paycheck Protection Program (PPP) which will be available for a limited amount of time to ensure America’s smallest businesses get exclusive access. If you are a small business owner with fewer than 20 employees, or are self-employed; there is new information for you. Please join us for a series of webinars hosted by the U.S. Small Business Administration and Public Private Strategies Institute to hear about:
- What steps you can take now to take advantage of this special opportunity, which closes at 5:00 P.M. EST, Tuesday, March 9th, 2021
- Additional changes and recent policy announcements made by the Biden-Harris Administration
- Have your questions answered by SBA Leadership
Schedule
- Saturday, Mar. 6, 2:00 p.m. ET, Veterans, Self-Employed Business Owners, Independent Contractors, Sole Proprietors, and Employers with Fewer than 20 Employees Click here to register.
- New! Saturday, Mar. 6, 4:00 p.m. ET, In Case You Missed It – General Small Business Owners Session, Click here to register. (This session will also be livestreamed on the U.S. Small Business Administration and Public Private Strategies Institute Facebook pages.)
- Monday, Mar. 8, 3:00 p.m. ET, LGTBQ Business Owners, Youth Entrepreneurs, Restaurant Owners, Click here to register.
*If you missed any of the webinars, the recordings are available here.
Cosponsorship Authorization # 21-0501-14: The SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least 24 hours in advance of this event; please send an email with subject header ACCOMMODATION REQUEST to reasonableaccommodation@sba.gov. For assistance with registration or other technical difficulties, please contact Stephan Jordan at stephan@publicprivatestrategies.com.
PPP Revisions to Loan Amount Calculations & Eligibility
The SBA enacted changes as announced in Februarythat expand eligibility and further promote equitable relief for America’s mom-and-pop businesses. For example, Schedule C filers can now use gross income rather than net income when calculating the PPP loan amount. This change cannot be retroactive. Visit www.sba.gov/ppp or talk to your lender for more information.
| Targeted EIDL Advance Mapping ToolIn case you missed it! Are you looking to determine if your business is potentially eligible for a Targeted EIDL Advance? A new mapping tool is available to help you determine if your business is in a low-income community, which is a requirement to qualify for a Targeted EIDL Advance.Check the tool to see if your business address meets the low-income community eligibility requirement before applying. As a reminder, the SBA is reaching out to potential applicants to determine eligibility, so no action is needed on your part until you receive an email from the SBA. Learn more here and visit the FAQ for more information. |
SBA has added the following new materials on the Shuttered Venue Operators Grant website.
- Video tutorials
- Updated FAQs
- Preliminary application checklist for potential applicants
- Eligibility requirements chart
As a reminder, those looking to apply for the Shuttered Venue Operators Grant will need to be registered in the U.S. government’s System for Award Management, SAM.gov.