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 12PM PST on January 11, 2022. The awards will be presented during the NSBW Awards ceremony the first week of May 2022.
To nominate a small business owner in your area or download related forms, criteria, and guidelines, visit
sba.gov/nsbw.
Programs & Resources
SBA Announces Updated Guidance Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
The SBA announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Specifically, the following updated guidance is being provided:
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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.
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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.
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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.
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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.
Learn More
For participating Paycheck Protection Program (PPP) lenders that opted-in to use the service, SBA launched a streamlined application portal to allow borrowers with PPP loans $150,000 or less, to apply for forgiveness directly through the SBA.
For assistance, watch the training video here.
Borrowers may also call (877) 552-2692. Learn
More
Stay up to date via Twitter & SBA.gov by following us on Twitter @SBA_SF and visiting us online at
www.sba.gov.
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