Nov 21 2019

Veterans Entrepreneurship Workshops: A Three-Part Series

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South Carolina District Office

u s small business administration

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Veteran's Entrepreneurship Workshops

As a Veteran, you are a natural entrepreneur. The same discipline, goal-orientation, self-starting behaviors you showed during your service puts you in a great position to start and grow your own business in civilian life. Join SCORE in this three-part series geared towards veteran owned businesses. Participants can choose to register for one, two, or three sessions.

Lean Canvas Business Plan & Marketing
Tuesday, December 3, 2019 - 5:30pm EST

SBA & VA Resources for Veteran-Owned Businesses &
Contracting with the Government
Wednesday, December 4, 2019 - 5:30pm EST

Funding Your Business & Using Social Media to Build Your Business
Thursday, December 5, 2019 - 5:30pm EST

All sessions will be held at:

Hilton Head Island/Bluffton Chamber of Commerce
1 Chamber of Commerce Drive, Hilton Head, SC 29928

Information Corner

Disaster Loans Apply

SBA Economic Injury Disaster Loans Available in South Carolina Following Secretary of Agriculture Disaster Declaration for Drought

The U.S. Small Business Administration announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in South Carolina as a result of drought that began on Oct. 1, 2019.

The loans are available in the following counties: Aiken, Allendale, Bamberg, Barnwell, Berkeley, Calhoun, Chesterfield, Clarendon, Colleton, Darlington, Dorchester, Fairfield, Hampton, Kershaw, Lancaster, Lee, Lexington, Newberry, Oconee, Orangeburg, Richland, Saluda and Sumter in South Carolina.

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities, affected by the same disaster,” said Kem Fleming, director of SBA’s Field Operations Center East.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers and ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions. 

The loan amount can be up to $2 million with interest rates of 4 percent for small businesses and 2.75 percent for private nonprofit organizations of all sizes, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at Disasterloan.sba.gov.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Submit completed loan applications to SBA no later than June 24, 2020.

Upcoming Events

B2B Round Table Discussion: Overcoming the Challenges of Growing Your Business
Thursday, November 21, 2019 - 10:30am EST
SouthStar Capital
840 Lowcountry Blvd, Mount Pleasant, SC 29464
More Information

Lean Business Planning and Preventing Fraud in Your Small Business
Small Business Development Center
Tuesday, December 3, 2019 - 4:00pm EST
First Citizens Bank
125 Park Ave SW, Aiken, SC 29801

Drive 8a Federal Contracting Summit
Wednesday, December 4, 2019 - 9:00am EST
Columbia Chamber of Commerce
930 Richland St, Columbia, SC 29201

Quickbooks - Using Online Version
SCORE Business Mentor
Wednesday, December 4, 2019 - 9:00am EST
My Greenville Office
31 Boland Court, Greenville, SC 29615

Full SBA and Resource Partner Calendar

National Small Business Week. Submit your nomination today.