January 2021

More than $1.52 Billion in PPP Loans Approved by SBA in Florida in Current Round of Funding That Re-Opened This Month

Date: Jan. 28, 2021 | NFL21-02                         Contact: Nayana.sen@sba.gov | 904-443-1933      lola.kress@sba.gov | 404-330-4737 Jacksonville, Fla. – As part of ongoing transparency of economic aid programs, the U.S. Small Business Administration (SBA) recently released data summarizing Paycheck Protection Program (PPP) loan approvals made through Jan. 24, 2021. The SBA re-opened the PPP Jan. 11 with $284…

SBA to Provide One Year 8(a) Program Extension to Participants Due to COVID-19

Release Date: [January 27, 2021] Release Number: 21-14 Contact: [Tiffani.Clements@sba.gov | www.sba.gov/news Public Comments Due by March 15, 2021 WASHINGTON – The U.S. Small Business Administration  published an interim final rule effective January 13, 2021 allowing 8(a) Program participants to elect a one-year program extension in the SBA’s 8(a) Business Development Program due to the challenges…

The SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review

Release Date: January 26, 2021 Release Number: 21-13 Contact:press_office@sba.gov, www.sba.gov/news WASHINGTON – The U.S. Small Business Administration is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible to access much needed PPP funds. The Biden-Harris Administration is focused on ensuring small businesses receive…

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion…

SBA Re-Opens PPP to Community Financial Institutions First

Community Financial Institutions get dedicated access starting January 11 WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers by…

SBA Launches New, Free Online Digital Learning Platform

Ascent built to assist nearly 13 million women-owned small businesses WASHINGTON – The U.S. Small Business Administration Administrator Jovita Carranza, today announced the launch of Ascent, a first-of-its-kind, free digital e-learning platform geared to help women entrepreneurs grow and expand their businesses.  Ascent has valuable content such as tips on preparing and recovering from disasters,…

SBA Extends Crucial Lifeline to Borrowers Impacted by COVID-19 with Debt Relief

WASHINGTON – As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the following statement in regards to Section 325: “Small business is big business in America, and this Administration…

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP…

Ascent, the online digital learning platform for women small business owners

Please join SBA Administrator Jovita Carranza on Thursday, January 7 at 1PM ET for a live webinar to announce the ground-breaking launch of Ascent, the online digital learning platform for women small business owners. Ascent is the first-of-its-kind online resource specifically designed to help the nearly 10 million American women entrepreneurs grow and scale their…

SBA Launches Largest Expansion of Women’s Business Centers in 30 Years

20 Women’s Business Centers to Open Across America Supporting Women-Owned Small Businesses WASHINGTON – The U.S. Small Business Administration today announced grant funding and the historic launch of 20 new Women’s Business Centers (WBC) across America to serve rural, urban and underserved communities alike.  The opening of the 20 new WBCs is the largest single expansion of…