Paycheck Protection Program Ends June 30 – Apply Today!

Urgent reminder! The deadline for SBA to approve Paycheck Protection Program (PPP) loan applications is Tuesday, June 30. This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Find a lender and apply today SBA Partnering with Small Businesses to Drive Economic Recovery By SBA Administrator Jovita Carranza For the 200 employees at On-Target Supplies & Logistics in Dallas, having a job right now means stability during times of economic uncertainty. The pandemic has impacted small businesses across the country, but it has been particularly harmful for entrepreneurs in underserved communities. Following President Trump’s guidance, SBA launched the Paycheck Protection Program (PPP), designed to quickly bring financial relief to socially and economically disadvantaged small businesses, as well as minority-owned, women-owned and veteran-owned small businesses. On-Target owner Tré Black said the forgivable PPP loan he received has allowed him to continue paying his workforce and has brought peace of mind during this difficult time. The priority for this Administration, and me personally, is to ensure these forgivable loans are going to those most in need. I’m proud to report nearly half of all PPP loans – both in terms of volume and value – are going to low-income counties across the country. Learn more How the SBA is Reaching Every Nook and Cranny of the Country SBA Administrator Jovita Carranza's interview with the Washington Examiner  Jovita Carranza, the administrator of the Small Business Administration, said you’ll likely not see this in a headline, but small businesses are rebounding. “The momentum is there because I've seen it firsthand,” she said. Carranza sat for an interview with the Washington Examiner both here in Dauphin County, Pennsylvania, as well as in Morgantown, West Virginia, to discuss the impact the Paycheck Protection Program has had on small businesses trying to make a comeback after being shut down from either production or services for months. Learn more Helping America’s Entrepreneurs Get Back to Business By Allen Gutierrez, Associate Administrator of SBA's Office of Entrepreneurial Development Now more than ever before, Americans are turning to online learning. The trend is especially true as small businesses begin to reopen after states lift Coronavirus (COVID-19) restrictions in the weeks and months ahead. The U.S. Small Business Administration offers free online courses that can help to guide you as you get back to business. Our online courses, housed in the SBA Learning Center, are tailored to specific subject areas and business stages. You can also supplement the knowledge you gain from these courses with other SBA resources – including virtual expert advice from SBA resource partners. Here are some of the online courses that you can leverage. Learn more The SBA is hiring temporary employees to assist with disaster relief efforts during these unprecedented times. The positions include: Call Center Customer Service Representative Document Preparation/Legal Review/Loan Closings Loan Processing/Credit Analysis/Mortgage Underwriting Program Support Apply today In 2019, 50,477 wildfires burned 4.7 million acres in the U.S., disrupting businesses and displacing people from their homes and communities. It’s essential for small business owners in wildfire-prone areas to make a plan to prepare for and deal with the aftermath of a wildfire. The U.S. Small Business Administration can help with resources and guidance before, during, and after a wildfire strikes. Here are some key tips to get your business ready for wildfire season. Learn more Beware of Scams and Fraud Schemes The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times.  Be on the lookout for grant fraud, loan fraud, and phishing. Learn more Federal Coronavirus Resources State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov for updates from the White House's Coronavirus (COVID-19) Task Force. Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention.   Learn more about the federal government's response Virtual Mentoring and Training  Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, and Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video. Find an SBA resource partner near you