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underbanked or don t have the strong relationships and hurt them in accessing relief and we are proud that in 2021 the biden/harris administration was able to reverse some of those trends and reach the smallest of the small and more of an underserved communities to get them that relief but nonetheless not being able to access that relief earlier meant more closures, less revenues. that s months of more debt and loss of revenues that affect the future wealth building capacity of those businesses that impacts the communities and the employees. and so clearly we need to continue to try to reverse that and help support them to access markets. in addition to the issues distributing the ppp loans, we also now part of what we are seeing is a lot of small businesses carrying the loans as a liability because the forgiveness process has taken too long. i don t need to tell you what that means for a small business and the larger community.
strong relationships and hurt them in accessing relief and we are proud that in 2021 the biden/harris administration was able to reverse some of those trends and reach the smallest of the small and more of an underserved communities to get them that relief but nonetheless not being able to access that relief earlier meant more closures, less revenues. months of more debt and loss of revenues of those businesses that impacts the communities and the employees. and so clearly we need to continue to try to reverse that and help support them to access markets. in addition to the issues distributing the ppp loans, we also now part of what we are seeing is is a lot of small businesses carrying the loans as a liability because the forgiveness process has taken too long. i don t need to tell you what that means for a small business and the larmer community. where then can sba step in?
SCORE: Shifting from Doer to Leader in Your Business, Richelle Jessey, Wednesday, May 26, noon-1:30 p.m., Zoom. How to Start & Run a Successful Non-Profit Organization, Bob Potter, Tuesday, June 1, 10–11:30 a.m., Zoom Navigating the PPP Loan Forgiveness Process, sponsored by Key Bank, led by Josette A. Hill, 2-3 p.m., June 9, Zoom.
Contact for questions/info: Anne Driscoll at anne.driscoll@scorevolunteer.org.
NETWORKING
The Greater Mystic Chamber of Commerce will host a
Business After Hours at the Hilton Mystic on May 25 from 5:30 to 7 p.m.The event will be held outdoors on the patio. $10 for members and $25 for non-members. Tickerts at www.mysticchamber.org or the door.
SCORE: Finding Customers and Networking, 2-part series with SCORE mentor Eric Munro, Wednesday, Jan. 6 and Thursday, Jan. 7, noon– 1:30 p.m., Zoom. Navigating the PPP Loan Forgiveness Process, Wednesday, Jan. 20, noon-1:30 p.m., Zoom
Contact for questions/info: Anne Driscoll, anne.driscoll@scorevolunteer.org
The Chamber of Commerce of Eastern CT will host a virtual panel discussion on Succession and Exit Planning for Small Businesses and Nonprofits on Tuesday, Jan. 19, 10-11 a.m. The panel will be hosted by Steve DeGraff, CExP, Certified Exit Planner and Financial Planner with DeGraff-Financial/National Financial Network, and include Attorney Raymond Baribeault, Jr., Suisman & Shapiro, and Andrew Gibson, Gibson Capital. Chamber members free; nonmembers $25. To register or learn more, visit www.ChamberECT.com/events or call 860-701-9113.