SBA Updates

PPP – The March 31, 2021 deadline to submit your application for a first draw or second draw is approaching. Visit SBA.gov/PPP.

EIDL - If your identity was used, without your knowledge or permission, to obtain a COVID-19 Economic Injury Disaster Loan (EIDL) for which you never received any of the loan proceeds, the SBA has recently published a letter with instructions on how resolve this issue. Click on Link to Read the letter

SVOG - Are you looking for information about the Shuttered Venue Operators Grant? The SBA updated the frequently asked questions which includes information about eligibility, the application, use of funds and more.  Learn more

Emerging Leaders – This training is for established business owners and is not for start-ups or people who are thinking about starting a business. The Emerging Leaders Initiative advanced training series is open to small business owners and executives.  Business executives interested in participating should complete the online registration form.

THIS PROGRAM WILL BE PROVIDED VIRTUALLY!

The only cost is your time and commitment to complete the curriculum over the course of seven months (about 100 hours). All other costs are covered by SBA.

Program eligibility criteria:

  • In business for at least 3 years 
  • Annual revenue between $250,000 and $10,000,000
  • At least one full time employee besides the owner
  • Interested in growth
  • Attend the 13 workshops and seven mentoring sessions
  • Complete required homework and group assignments

Program Highlights

  • Customized training for “C” (CEO, COO, etc.) level executives with demonstrated business sustainability of at least 3 years in business and annual revenue of at least $250K 
  • Participant recruitment begins in February through SBA’s Boise district office and classes typically begin in April
  • A three-year strategic growth action plan with benchmarks and performance targets to help the participant emerge as self-sustaining businesses that creates jobs and build communities
  • Includes 100 + hours of professional specialized training and peer-to-peer counseling delivered over the course of seven months
  • Specialized areas of training include:

o   Growth Strategies Plans

o   Financing and Access to Capital

o   Government Contracting

o   CEO Mentoring

In celebration of Entrepreneurship Week, we encourage your businesses to contact our No Cost Business Consulting Resources to assist your businesses.

 

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