President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Relief for Small Businesses
The Back to Business (B2B) Grant: The Small Business Advocacy Council fights for legislation that will support the small business community and neighborhood business districts. We also understand the importance of providing information about programs that can benefit entrepreneurs and small businesses. Illinois policymakers have launched another round of Back to Business grants (B2B) that…
Small Business Grants for Minority Owned Businesses
It’s tough to run a small business. We know that funding is always top of mind at all times. In an effort to keep our small business owners informed of possible grants as they become available, we will list some as they become available and the criteria for applying. We encourage you to take advantage…
Daily Herald Business Ledger Articles with SBAC President Elliot Richardson
Check out all of SBAC President Elliot Richardson’s Daily Herald Business Ledger articles below 2023 2022 2021 2020 2023 March 5, 2023 Transparency will empower the small business community February 5, 2023 Making economic incentives available to small businesses January 8, 2023 Small business advocacy in 2023: Hitting the ground running 2022 December 11, 2022…
