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SBA webinars to offer businesses help to get back on track
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City moves forward with grant application
During a special meeting May 19 the Newton City Commission passed a a resolution to apply for the 2021 Kansas Small Cities Community Development Block Grant Program from the Department of Commerce. It’s the third round of COVID-relief funds for small businesses, said Erin McDaniel, director of public information for the city of Newton. The City is applying to the Kansas Dept. of Commerce for $150,000 that will then be given out to local businesses that suffered losses during the pandemic.
Funds will be awarded to cities and counties on approximately July 1.
To be eligible to receive a CDBG-CV3 Economic Development grant, the recipient business must be a for-profit business and retaining jobs for low to moderate-income people. 51% or more of the full-time equivalent (FTE) jobs retained must be for persons from low to moderate-income households as defined by HUD.
SBA Launches Webinar Series to Help Small Business Owners & Entrepreneurs On May 21, 2021
The U.S. Small Business Administration and the non-profit Public Private Strategies Institute will launch a new regional webinar series, “Getting Back on Track: Help is Here,” to provide Main Street entrepreneurs with the information and resources they need to continue to recover from the COVID-19 pandemic. The educational webinars will feature speakers from The White House, the SBA, Members of Congress, and small business leaders, and will provide updates on the American Rescue Plan.
“The ‘Getting Back on Track: Help is Here’ webinar series is an important outreach effort to help small businesses recover, rebuild and gain resiliency,” said SBA Administrator Isabella Casillas Guzman. “Small businesses are beginning to see the light at the end of the tunnel as marketplaces and main streets reopen thanks to strong vaccination rates. We are empowering sma
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The U.S. Small Business Administration is offering low-interest disaster loans to businesses and residents in Tennessee following the announcement of a presidential disaster declaration due to severe storms, tornadoes and flooding in March and April.
Under the disaster declaration, Davidson, Williamson and Wilson counties are considered primary counties and are eligible for physical and economic injury disaster loans from the SBA.
Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged personal property.
Loans available for Tennessee small business owners and residents following March storms
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