Jan 12 2021

SBA Northern Ohio News, Events, and Tips for You!

Cleveland District Office

u s small business administration

paycheck protection program, PPP

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 Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.  The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. 

Learn more

Happy New Year


Goodbye 2020, Hello 2021! SBA is Here for Your Small Business in the New Year

We stand ready to support new businesses and existing businesses alike in 2021. These tips can help.

For small businesses across America, 2020 was one of the most challenging years in history. The U.S. Small Business Administration (SBA) continues to stand ready to support small businesses impacted by the pandemic with educational resources and financial relief. The SBA also has your back if you are thinking about starting a business in 2021. Here are four things you can do to get your business off the ground:

Learn more:

Indiana Small Business Owner Appointed to SBA’s Great Lakes Regulatory Fairness Board

Whiting, Indiana, small business owner Araceli Corona has been appointed to the U.S. Small Business Administration’s Great Lakes Region Regulatory Fairness Board by SBA Administrator Jovita Carranza. As a regional Regulatory Fairness Board member, Corona will serve as a local resource for small businesses and work with small business trade groups and other entities to address concerns about federal regulatory enforcement and compliance issues in Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin. Read more about her and how to contact her here.

Coming Events in January:

Opening Your Doors Tile

Tuesday, January 12, 10am -- 12pm

Opening your Doors to More Business - Webinar

Meet the Federal, State and local resources available to your small or mid-sized business. Several agencies with direct support services and procurement opportunities will provide insight to the ways they can help support your business growth.

Register here

government contracting tile


Thursday, January 14, 10am -- 12pm

Being Successful at Government Contracting - Webinar

Learn from a panel of successful government contractors from the local, state and federal levels. They'll discuss their strategies and lessons learned on how they were successful in getting government contracts. This event is co-hosted by the City of Cleveland, NASA Glenn Research Center, Cleveland District SBA and Ohio University PTAC at Cleveland.

Register here

preparing for construction season tile


Tuesday, January 26, 8am -- 11am

Preparing for Construction Season

Is your business ready for the upcoming construction season? Are you bonded? Do you have enough bonding? Do you know where to find contracts to bid on?Have you created your Drug Free Workplace plan? Get your small business ready for the upcoming construction season.

Register here

For more SBA Northern Ohio Events, click here!

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