Getting Back On Track In New England
The SBA and Public Private Strategies Institute is hosting a Getting Back on Track Webinar at 2 p.m. EST July 8 for New England small businesses.
- Learn about new and existing programs that are available through the SBA
- Get updates about programs and recent policy announcements
- Have questions answered by SBA Leadership and small business experts
- Learn how to become a vaccine leader in the community
- Discover tools and resources to use to take a business digital
Click here to register.
SBA Working Capital Loans Deadline Approaching for Vermont Businesses Impacted by 2020 Summer Drought
The Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations in Addison, Bennington, Rutland, and Windsor counties in Vermont that July 26 is the filing deadline for federal economic injury disaster loans due to drought that began on June 1, 2020.
Applicants may apply online https://disasterloanassistance.sba.gov/ela/s/ and should apply under SBA declaration #16793, not for the COVID-19 incident.
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 [email protected].
Steps To Start A Business July 12
The Center for Women & Enterprise is hosting a Steps To Starting a Business at 2 p.m. EST July 12.
In this workshop, learn to:
• Develop a business ideas and planning
• Consider a legal structure
• Discuss choosing a name and entity
• How to obtain an employer identification number, licenses, permits and insurance
Leave the session with an A-to-Z overview and specific tools and tips that will assist getting started quickly.
Click here to register.
Three Reasons To Consider A 504 Loan
The 504 Loan Program provides long-term financing to small businesses for the purchase or improvement of land, buildings, and major equipment, to facilitate the creation or retention of jobs, and to support local economic development. Under the 504 Loan Program, loans are made in conjunction with private-sector lenders to small businesses by CDCs, which are certified and regulated by the SBA to promote economic development within their community.
As part of the CARES ACT, several changes have been made to the 504 Loan Program.
- All 504 loans approved from Feb. 1 to Sept. 30, 2021 borrowers will receive three months of payments, which includes principal and interest. (Capped at $9,000 per month)
- Most fees associated with the 504 Loan Program have been eliminated.
- 504 Loan Program rates are near all-time lows.
For more information, click here.
Partner With A Vaccine Provider
On-site vaccination clinics are a critical tool to make vaccinations as accessible as possible throughout Vermont. Small businesses can email [email protected], and a business will be connected with a local provider who can work with a small business to host an onsite pop-up clinic, and usually make it happen in a matter of days.
To find a provider and for the toolkit, click here.
The toolkit provides a roadmap for community organizations, employers and other groups, referenced here as “host organizations,” to work directly with vaccine providers to set up vaccination clinics in places people know and trust.
SBA Vermont District Office
87 State Street
Montpelier, VT 05601
802-828-4422
www.sba.gov/vt @SBA_Vermont
United States