Four Million Hard-Hit Businesses Approved for Nearly $390B in COVID Economic Injury Disaster Loans

U.S. Small Business Administration

As the country continues to transition from a historic economic recovery to stable, steady growth that works for families and small businesses, Administrator Isabella Casillas Guzman, the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, highlighted the impact of the SBA’s COVID Economic Injury Disaster Loan (EIDL). Through the life of the program, … [More]

Last Week for PHXbizGrants Small Business COVID Relief Assistance

inbusinessPHX.com

The last day for Phoenix small businesses to apply for up to $15,000 in Covid-19 relief grants is Friday, April 15. The application portal will close at 5:00 p.m. PHXbizGrants are available for small businesses in Phoenix to help offset costs and losses incurred from the pandemic. Eligible businesses have 25 or fewer employees and under $3 million in annual revenue. They … [More]

Get a Grant for Your School or Nonprofit

inbusinessPHX.com

​The City of Phoenix is now accepting applications for two different COVID-19 related funding opportunities for nonprofits or schools. The first is the COVID Clean Public Facilities and School Improvement and Upgrades Program. The Phoenix City Council allocated $2.3 million in Community Development Block Grant CARES Act (CDBG-CV) money to fund COVID-19 prevention improvements … [More]

Declined for EIDL? SBA Has Updated Deadline

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) announced updated guidance for those small businesses that have already applied for the Targeted EIDL Advance program, received a decline, and are interested in applying for reevaluation. Specifically, the following updated guidance is being provided: Current Targeted EIDL Advance applicants: Those interested in being … [More]

Micro and Small Business Grants Up to $15K Now Available for Phoenix Businesses

City of Phoenix

Small business resiliency grants up to $15,000 are available beginning this week for Phoenix businesses through the PHXbizGrants program. An allocation of $8 million in funds from the American Rescue Plan Act of 2021 by the Phoenix City Council created a program helping micro and small businesses with the pandemic’s economic impact. The PHXbizGrants application portal is now … [More]

Funds Available: Small Businesses Granted $250K in Direct Financial Assistance

Valley Metro

Valley Metro’s Small Business Financial Assistance Program pilot (SBFAP), launched this spring and has distributed more than $250,000 in direct financial assistance to 50 small businesses along light rail construction in Phoenix. “Thank you so much for the grant. This really has made a big difference during a rough year,” said Albert Bahram, owner of Crazy Jim’s in downtown … [More]

The City of Phoenix Paying Customer’s Outstanding City Services Bills

City of Phoenix

​The Phoenix City Council has earmarked $5 million to help customers impacted financially by the pandemic pay utility bills. Customers can apply for the city's Deferred Payment Arrangement (DPA) Recovery Program to pay a portion of customer's outstanding city services bill. Using funding from the Federal American Rescue Plan Act (ARPA), the city will pay two-thirds of the … [More]

SBA Announces Plan to Open Supplemental Grants for Shuttered Venue Operators Grant Applicants 

U.S. Small Business Administration

The U.S. Small Business Administration is announcing a call to all eligible Shuttered Venue Operators Grant (SVOG) applicants seeking economic aid for live entertainment small businesses, nonprofits, and venues. New applications will be accepted until 11:59 p.m. PT on Friday, August 20, 2021. The SVOG program has so far awarded $8.4 billion in grants to more than 10,800 … [More]

More than 2.3M Additional Economic Impact Payments Disbursed under the American Rescue Plan, Total Payments Top 169M

Internal Revenue Service

The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. Today's announcement covering the most recent two weeks of the effort brings the total disbursed so far to more than 169 million … [More]

Restaurants Last Call: Administrator Guzman Announces Final Push for Restaurant Revitalization Fund Applications

U.S. Small Business Administration

Administrator Isabella Casillas Guzman announced that eligible eating establishments have until Monday, May 24, 8 p.m. ET, to submit applications to the Restaurant Revitalization Fund. “If our nation’s food and beverage industry is going to fully recover, we must ensure as many of the hardest-hit businesses get the economic aid they need,” said Administrator Guzman. “We are … [More]

Small Businesses: How to Secure Your PPP Loans, New Deadline Coming Up

by Jonathan Brooks

It’s no secret that the COVID-19 pandemic hit businesses hard. Small-business owners, who are in the humble beginning stages, are still feeling the brunt of this economic impact and need immediate relief to get back on their feet. However, when the word “loan” is brought up, many shut down, simply thinking about the laborious task at hand to obtain one. The Paycheck … [More]

Applications Opening for $28.6 Billion Restaurant Revitalization Fund Friday, Apr. 30

U.S. Small Business Administration

SBA Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. “Restaurants are the … [More]

SBA Launches Supplemental Targeted Advance for Small Businesses Hardest Hit by COVID-19

U.S. Small Business Administration

The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. The … [More]

SBA Announces Official Restaurant Revitalization Fund Application and Guidelines

U.S. Small Business Administration

SBA Administrator Isabella Casillas Guzman today announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RRF). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan, … [More]

SBA Shuttered Venue Operators Grant Applications Now Open

U.S. Small Business Administration

The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal tomorrow, April 8, 2021 at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as … [More]

IRS, Treasury Disburse More Economic Impact Payments Under the American Rescue Plan; Total Tops 130M

Internal Revenue Service

The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed so far to more than 130 million payments worth approximately $335 billion. As announced on March 12, … [More]

EN NEGOCIOS: Cómo solicitar las nuevas subvenciones de ayuda de la SBA para teatros, museos y salas de conciertos

por Edgar R. Olivo

La Administración de Pequeñas Empresas (SBA por sus siglas en inglés) anuncio que la aplicación del programa Subvención para operadores de locales cerrados (SVOG por sus siglas en inglés) está programada para abrirse el 8 de abril de 2021 para ayudar a los teatros, museos y salas de conciertos. El programa SVOG se estableció a través de la Ley de Ayuda Económica para Pequeñas … [More]

How to Apply for the New SBA Relief Grants for Theaters, Museums and Concert Venues

by Edgar R. Olivo

The Small Business Administration announced that the Shuttered Venue Operators Grant program application is slated to open April 8, 2021, to help theatres, museums and concert venues. The SVOG program was established through the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and amended by the American Rescue Plan Act to provide more than $16 billion in … [More]

Another 37 Million Economic Impact Payments from the American Rescue Plan Disbursed

inbusinessPHX.com

The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing approximately 37 million payments in the second batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed payments from the American Rescue Plan to approximately 127 million payments worth approximately $325 … [More]

SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans

U.S. Small Business Administration

The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to … [More]

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