Small Business and Business Software

Arkansas Grants For Small Business Covid-19

Arkansas Grants For Small Business Covid-19 – In April 2020, Main Street America released The Impact of COVID-19 on Small Businesses: Findings from the Main Street America Small Business Survey. Main Street Arkansas has been able to analyze the data and the impact of COVID-19 on Arkansas small businesses. This data comes directly from more than 200 Arkansas small business owners in 11 counties, and the results are good.

Of the 213 Arkansas small businesses surveyed, more than 60 percent indicated that their business is at risk of closing permanently in the next five months. More than half of Arkansas respondents saw a more than 75 percent drop in income in the first months of the crisis. Ninety-two percent of small business respondents have 20 or fewer employees.

Arkansas Grants For Small Business Covid-19

Arkansas Grants For Small Business Covid-19

The survey also revealed critical gaps in technical assistance and stimulus funding to address revenue barriers for our nation’s smallest businesses. The survey highlighted concerns about stimulus dollars reaching small businesses, and there remains a critical need in Arkansas to address this gap to stabilize the local economy during the crisis and accelerate its recovery after the pandemic. be done

Covid 19 Resources Arkansas Department Of Health

The national report Main Street America called on Congress to fund the US Small Business Administration and partner with the nation’s Main Street organizations and chambers of commerce to increase technical assistance for small businesses.

To see the results of the Arkansas Data Summary, see the following graphic Impact of COVID-19 on Arkansas Small Businesses. To see the data in detail, see the interactive map by Main Street America to see state and city-specific results. This page contains regular updates on COVID-19 policies and programs that affect businesses, as well as links to additional information. Below are links to the most frequently used pages. Additional links can be found in the menu on the left (or scroll down if you’re using a handheld device).

Registration for the Small Business Administration’s restaurant renovation grant is now open. Eligible businesses can apply by Monday, May 3, 2021 at 11:00 am. Although there is a priority period for this program, all eligible businesses are strongly encouraged to apply as soon as the application portal is open. Learn more on the Restaurant Renovation Grants page.

The US Small Business Administration will begin registration on Friday, April 30, 2021, at 8:00 a.m. CST and applications for the Restaurant Revitalization Fund will open on Monday, May 3, 2021, at 11:00 a.m. CST. Applications will remain open for eligible restaurants until all funds are exhausted.

Coronavirus Relief Grant Keeps Arkansas Small Business Open

In preparation, the SBA recommends that qualified applicants familiarize themselves with the application process in advance to ensure a smooth and efficient application experience, specifically:

For the first 21 days the program is open, SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible candidates are encouraged to submit applications as soon as the portal opens. After 21 days, all eligible applications will be funded on a first-come, first-served basis.

The SBA announced that the shuttered venue operator grants program will reopen on Monday at 11:00 a.m. The SBA issued a press release outlining five steps that applicants should take to prepare today:

READ  Small Business Recovery Grant Nsw

Arkansas Grants For Small Business Covid-19

The Small Business Administration has released detailed instructions for its upcoming Restaurant Revitalization Grant Program. Information includes application requirements, qualifications, program timelines, and upcoming training to help prepare interested businesses. Eligible businesses are encouraged to begin preparing to apply for the program.

Mayor Announces Financial Relief For Small Businesses, Covid 19 Testing For Southwest Little Rock

You can apply through SBA-recognized point-of-sale restaurant partners or directly through the SBA in the following online application portal.

If you want to prepare your application, see the sample application form. You will be able to complete this form online. Please do not submit the RRF form to SBA at this time.

April 12, 2021 Update: The SBA Facility Operator Grant application website has closed due to a technical error.

The Shuttered Venue Operator Grant Program has been discontinued due to technical and website errors. The SBA expects the application portal to reopen the week of April 18, 2021. Applicants can continue to register for an Application Portal account by clicking here.

Changes Due To Coronavirus (covid 19)

President Biden signed the PPP Extension Act of 2021 into law on March 30, 2021. The PP Check Protection Program will be available until May 31, 2021.

SBA Announces Restaurant Recovery Fund Applicants No Longer Need to Register for a Account or Hold a DUNS Number

The SBA announced that applicants for the upcoming Restaurant Revitalization Fund, which is expected to open in early April, do not need to register for a SAM account or have a DUNS number to apply. The Independent Restaurant Coalition updated its guide on the program here.

Arkansas Grants For Small Business Covid-19

The US Senate passed the PPP Extension Act of 2021, extending the program until May 31, 2021, with President Biden expected to sign the measure into law.

Covid 19 Business/employer Information

Today, the People’s Party Expansion Act 2021 was approved in the Senate with 7-92 votes. President Biden is expected to sign the extension into law, leaving the program open until May 31, 2021.

Today the US Small Business Administration announced that they have increased the maximum amount small businesses and nonprofits can borrow through the EIDL program. Beginning April 6, 2021, the SBA will increase the loan limit for the COVID-19 EIDL program from 6 months with a maximum of $150,000 to 24 months with a maximum of $500,000. Learn more about these changes and the EIDL program by clicking here.

The SBA has issued important guidelines on cross-program eligibility. Learn more about eligibility for new programs under the American Savings Plan and how past programs are affected by clicking here.

March 22, 2021 SBA Update to Accept Placement Operator Grant Applications Closed April 8, 2021 – Paycheck Protection Program Still Scheduled to End March 31, 2021

Arkansas State Office

The US Small Business Administration will begin accepting applications for the Shuttered Venue Operator Grant Program on April 8, 2021. A splash page for program applications has been created and can be found here. The SBA has scheduled an informational webinar to walk you through the application process, to be held on March 30, 2021 at 1:30 PM CST. Click here to register for the webinar.

READ  Small Business Self Defense Keychain

The Paycheck Protection Program is still set to expire on March 31, 2021. Businesses interested in taking advantage of this program for their first or second draw are urged to contact their lender as soon as possible.

March 17, 2021 Update University of Arkansas Small Business and Technology Development Center to Host Small Business Forum on E-Commerce

Arkansas Grants For Small Business Covid-19

On March 31, 2021, the University of Arkansas Small Business and Technology Development Center will host a small business forum on e-commerce. E-commerce has enabled various businesses to cope with the public health crisis caused by the pandemic. From restaurants to retailers, this session will highlight best practices from Fayetteville and regional businesses.

Arkansas Ready For Business’: Arkansas Department Of Commerce Announces Grant Program

March 15, 2021 Information updates on Restaurant Renovation Grants, Indoor Operator Grants, and Community Navigator programs are now available

Urgent: The Paycheck Protection Program will end on March 31, 2021. Businesses interested in taking advantage of this program for the first or second draw must submit their applications to the lender by March 2021.

March 11, 2021 UpdateUrgent: The SBA Paycheck Protection Program is set to expire on March 31, 2021, despite additional funding under the American Rescue Plan.

The deadline to get an SBA loan number for the Paycheck Protection Program is Wednesday, March 31st. New applications must be submitted by your lender by March 22nd to allow time for processing. However, a bill to extend the program through May 31, 2021, currently being considered by Congress, is not guaranteed to pass. Businesses interested in using the Payment Protection Program for the first draw or second draw are encouraged to contact their local financial institution as soon as possible.

How Covid 19 Shifted The Balance Of Payments Between The States And Federal Government

On March 11, 2021, President Biden signed the ‘American Rescue Plan’ Act of 2021 into law. The recent COVID-19 recovery bill contains several programs designed to help businesses affected by the COVID-19 pandemic. As guidelines and regulations are developed at the federal level regarding these programs, the Department of Economic Vitality and its partners will provide detailed guidance on how to use these new tools.

Startup Junkie Consulting has developed an overview of the main programs that benefit small businesses, check out the link below to learn about this new bill.

March 10, 2021 Update Restaurant Revitalization Grants: What to know about the new grant program for restaurants and bars under the ‘American Rescue Plan Act’.

Arkansas Grants For Small Business Covid-19

On March 10, the US House of Representatives approved the American Defense Plan, which is to President Biden and is expected to be signed into law this week. Startup Junkie Consulting has created content to introduce our local businesses to this new program, learn more by clicking here.

Usda Grant Funds Division Of Agriculture Research On Covid 19 Control In Food Service Establishments

February 2, 2021 Updated Guidelines for Hours of Operation of Alcohol Beverage Control at Permitted Places Will Not Extend

During his weekly COVID-19 update, Governor Hutchinson announced that he would not extend the 11 p.m. closing time for bars and restaurants. The directive will be in effect until February 3, 2021. See announcement.

January 26,

Leave a Reply