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SBA News: COVID EIDL Deadline 12/31, R&D Funding Help, New Program for Aspiring Entrepreneurs and More


SBA’s Minnesota newsletter with info and training opportunities to help your small business start, grow, expand and recover

Minnesota District Office

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COVID EIDL Loans: Don’t Miss The Deadline to Apply

eidl

COVID-19 Economic Injury Disaster Loan applications will be accepted until December 31, 2021. We will continue processing applications after the deadline, including reconsiderations. We are unable to accept new applications after the deadline.

Along with low fixed interest rates of 3.75% for businesses and 2.75% for nonprofits, the COVID EIDL is an attractive option for those still challenged by the pandemic’s economic disruptions. 

Learn more

Apply today


Woman in front of a computer with the text, "Watch our Webinar"

Upcoming SBA Training

We are hosting training webinars to help entrepreneurs and small business owners start, grow, expand, and recover. 

To learn more and register today, visit the links below:

  • SBA Veteran’s Resource Brief
    Jan. 7, 10 a.m.; Register
  • Is Owning a Business a Good Fit for You?
    Jan 12, p.m.; Register
  • Planning for a Healthy Business
    Jan. 19, 1 p.m.; Register
  • Banking Services
    Jan. 26, 1 p.m.; Register

Help Applying for R&D Funding

The next Minnesota SBIR/STTR Accelerator cohort starts Jan. 20. They are seeking promising technologies that have a strong pathway to commercialization at either startups and existing firms. 

SBIR/STTR is non-dilutive funding (federal grants) that support early stage product development. Up to 20 firms will be selected to receive free and confidential assistance helping you and your team prepare and submit a high-quality grant application for funding consideration.   

Learn more and Register by Jan. 15, 2021


Community Entrepreneurship Program

New Program Supporting Aspiring Twin Cities Entrepreneurs

The Community Entrepreneurship Program is a 10-month, hands-on program for any community member facing economic hardship who has a dream of starting and growing a business, including those who have already started a venture but need help to grow.

Whether you have an idea for a business or have already started a venture but are struggling, this program could help. The Community Entrepreneurship program supports entrepreneurs through:

  • Six-week business training bootcamp
  • One-on-one mentorship
  • Consulting support
  • Connections to community resources
  • Micro-grant program
  • Networking opportunities

Learn More

This program is being offered in conjunction with the University of St. Thomas, Schulze School of Entrepreneurship, and Small Business Development Center.


Additional SBA Resource Partner Trainings

  • Critical Questions & Information Needed to Do Proper Business Planning (SCORE)
    Dec. 28; Learn More
  • Business Development Essentials (SCORE)
    Jan. 4; Learn More
  • Canva for Content Creation (SCORE)
    Jan. 5; Learn More
  • Tracking Your Business Using Spreadsheets (SCORE)
    Jan. 6; Learn More
  • Digital Marketing 101 (SCORE) 
    Jan. 6; Learn More
  • 2022’s Hottest Businesses, Markets & Trends (SCORE)
    Jan. 6; Learn More
  • Programs and Services Overview (WomenVenture)
    Jan 10 and 25; Learn More
  • Google Analytics (SCORE)
    Jan. 11; Learn More
  • Starting a Food Business (SCORE) 
    Jan. 11; Learn More
  • How to Become the Employer of Choice – How to Recruit and Keep (SBDC)
    Jan. 11; Learn More
  • Activate Your Ideas (SCORE)
    Jan. 12; Learn More
  • Simple Steps for Starting Your Business -5 session series (SCORE)
    Jan. 12 – Feb. 9; Learn More
  • Building a Hybrid Cloud for Your Growing Business (SCORE)
    Jan. 13; Learn More
  • Double Your Sales Now While Working Less (SCORE) 
    Jan. 13; Learn More
  • Local SEO (SCORE)
    Jan. 13; Learn More
  • Regional Economic Conditions Conference (Federal Reserve)
    Jan. 14; Learn More
  • Bookkeeping Basics (SCORE)
    Jan. 18; Learn More
  • 10 Key Steps to Grow Your Solo Business (SCORE)
    Jan. 20; Learn More
  • Grow Your Business with Google Ads (SCORE)
    Jan. 25; Learn More

Tax Tips from the IRS

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Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/relief.

If this newsletter was forwarded to you, sign up to get it directly via  sba.gov/updates. Be sure to add your MN zip code to receive this Minnesota-specific information.

Join us on Twitter (@SBA_Minnesota) for information as it becomes available too.