President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Procurement Bidding Reform
View and Download the SBAC FACT SHEET Legislation Focused on State Procurement Contracts Passes! The Illinois General Assembly passed legislation focused on helping small businesses receive their fair share of state procurement contracts. This legislation is important for job creation and the success of the state’s small businesses. This legislation will: Require the chief procurement…
Transparency Bill for Government Contracts
View and Download the SBAC FACT SHEET Legislation Focused on Small Businesses Seeking State Contracts Passes! The Illinois General Assembly passed legislation focused on important reforms to the bidding procedures for state contracts. Winning a state contract can be a game-changer for a small business. While much attention is focused on luring large businesses to…
14th Annual SBAC Golf Outing RETURNS
It’s that time of year again! Time to start thinking about the… 14th Annual SBAC Golf Outing 2023 Tuesday, June 6, 2023 The Preserve at Oak Meadows We had such a great turn out last year and made so many fantastic memories with you all (check out pics from last year to the…
