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Webinar: Small Business Administration Tools and Programs: Orientation for Economic Developers

Wednesday, October 12th – 1:00 pm – 2:00 pm

  • What programs does SBA have to support Main Street Small Businesses?

  • What tools does the SBA make available to small businesses to help them succeed?

  • How does the SBA Cleveland District Office work with local economic development officials?

Small businesses around the country became much more aware of the SBA during the pandemic due to the highly popular Paycheck Protection Program, Economic Injury Disaster Loan program, Shuttered Venue and Restaurant Revitalization Grants, and more. However, with those programs now sunset and businesses resuming a “new-normal,” what resources are still available from the SBA. How can local Economic Development operatives leverage those resources to help their core merchants thrive?

Presenter

Raymond Graves is the Lead Lender Relations Specialist for the SBA Cleveland District Office. He was previously the credit officer and loan officer for a Chicago-based Certified Development Company, operating the SBA 504. He started his career at SBA at the Columbus Ohio district office and has spent the last 25 years working in small business finance in various roles. He is an NDC-certified Economic Development Finance Professional and a graduate of The Ohio State University and Tufts University (Medford, MA).

COVID-19 Economic Injury Disaster Loans (EIDL)

Rescheduled to Wednesday, December 15th – 1:00 pm – 2:00 pm

Learn how this federal small business loan program supports small businesses’ recovery from the COVID-19 disaster’s economic impacts by providing accessible and borrower-friendly capital. Loans are direct from SBA that must be repaid; low-interest (3.75% business /2.75% non-profit) fixed-rate, 30-year long-term loan to help overcome the effects of the pandemic by providing working capital to meet operating expenses. Use may go toward working capital to make regular payments for operating expenses, including payroll, rent/mortgage, utilities, and other ordinary business expenses, and to pay business debt incurred at any time (past, present, or future).

Presenter

Terry A. Bolden serves as the Deputy District Director for the U.S. Small Business Administration’s Central and Southern Ohio District Office, managing the delivery of the agency’s financial assistance, technical assistance and government contracting activities to customers and stakeholders throughout 60 of Ohio’s 88 counties.

Bolden is a dedicated public servant with over 25 years of an exemplary track record in leadership, business development, infrastructure, and heavy highway transportation. Bolden is recognized as an effective collaborator, creating strategic alliances across the state of Ohio.

In 2020, Bolden joined the SBA after serving in key roles with Federal, State and local government agencies throughout Ohio. Bolden’s previous roles include: Manager for the City of Columbus Mayor’s Office of Diversity and Inclusion; Administrator at the Ohio Department of Transportation (ODOT); Business Advisor for the U.S. Department of Commerce; Compliance Officer with the Northeast Ohio Regional Sewer District; and Construction Inspector with the City of Cleveland Water Department.

A native Clevelander and graduate of Cleveland State University, Bolden has a passion serve his fellow Ohioans achieve prosperity.

 

 

The Restaurant Revitalization Fund: How to Get Ready Webinar

Tuesday, April 27th – 2:00 pm – 3:00 pm

Join Terry Bolden from the SBA as he shares the basic structure to prepare restaurants, caterers, food trucks, wineries, breweries, bars & saloons to submit through the SBA Restaurant Grant Portal in May 2021.
The Restaurant Revitalization Fund: How to Get Ready
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open.
 
The RRF will provide eligible entities with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.
 
Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
 
The official application launch date will be announced shortly. After a seven-day test period, the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals for 21 days.
How to Get Ready for the RRF:
Review the the sample application, program guide and also the cross-program eligibility chart on SBA COVID-19 relief options.

You will be able to apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA at restaurants@sba.gov.

For more information, contact the SBA Central and Southern Ohio District Office at: 614-427-0407
 
Entities who have experienced pandemic-related revenue loss include:
  • Restaurants, Food stands, food trucks, food carts, Caterers, Bars, saloons, lounges, taverns, Snack and nonalcoholic beverage bars
  • Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
  • Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
  • Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
  • Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
  • Inns (onsite sales of food and beverage to the pub)

 

Understanding PPP Round Two Webinar

Tuesday, January 26 – 1:00 pm – 2:00 pm

The Paycheck Protection Program (PPP) Round Two is starting to roll out. If you want to learn more before you apply or are not sure if you qualify, join Shannon Feucht and Jerome Jones from The U.S. Small Business Administration (SBA) as they introduce the basics and answer your questions.

During the webinar, SBA will discuss:

  • Overview of Forgiveness Process & Requirements
  • Overview of the Paycheck Protection Program, as updated by The Economic Aid Act
  • Overview of SBA Resource Partner Services

There will be time to ask questions!

Speakers

Shannon Feucht is a Lead Economic Development Specialist at the Columbus District Office for the U.S. Small Business Administration. In this position, she is responsible for marketing and conducting outreach to entrepreneurs, small businesses, and resource partners in order to help them start and develop by utilizing

Jerome W. Jones is a Lender Relations Specialist with The U. S. Small Business Administration. Prior to joining the SBA Jones was a Certified Business Advisor with The Ohio Small Business Development Center at Columbus State Community College and Managing Member of The Danash Group, LLC. He has also served as VP of Lending with the Economic and Community Development Institute, the Vice President of Business Services at Telhio Credit Union where he was responsible for the business loan department, Vice President of Community Development Lending for Key Bank, and a senior loan officer for Community Capital Development Corp. Jones is also very active in the Central Ohio community, serving on the United Way of Central Ohio Finance Committee and the City of Columbus Loan Review Committee, as well as having served as a board member of the Columbus Urban League. Jones is a recipient of the SBA Financial Services Champion Award, is a Certified Economic Development Finance Professional, a Certified Business Advisor and attended Jackson State University and Franklin University.

SBA Update: Economic Injury Disaster Loans and Payroll Protection Webinar

Thursday, April 16th – 1:00 pm – 2:00 pm

Alex Kohls with the Small Business Administration, will discuss the SBA’s Economic Injury Disaster Loan, the Paycheck Protection Program, SBA Express Bridge Loans, and SBA Debt Relief. Alex will provide an overview and update of these programs, as well as answer all your questions.

Utilizing Economic Injury Disaster Loans Webinar

Tuesday, March 24th – 2:00 pm – 3:00 pm

We know our small businesses are in crisis. The federal government has declared a national emergency related to the coronavirus pandemic.

Please join Joshua Stutzman from the US Small Business Administration as he explains who is eligible and what steps you need to take to apply for a SBA Economic Injury Disaster Loan.