fbpx
--_000_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

 

Seattle District Office

= Serving Washington state and northern Idaho=

3D"u

Stakeholder Newsletter

February 2024

 <= o:p>

Please cont= act Neil Subhash in the SBA Seattle District Office with any questions: neil.subhash@sba.gov =

 <= o:p>


Beto Yarce Selected a= s Regional Administrator

In January, President Biden appointed Beto&= nbsp;Yarce to serve as SBA Regional Administrator for the Pacific Northwest= , overseeing the agency's programs, offices and operations in Alaska, Idaho, Oregon and Washington. Yarce brings extensive experience= as an entrepreneur, nonprofit leader, and small business advocate to the p= osition. Originally fro= m Mexico, Yarce moved in 2003 to Seattle, Washington where he launched a business and became involved in the local e= ntrepreneurial and immigrant services communities. He went on to lead Ventures, a nonprofit organization working to alleviate poverty through small busine= ss ownership. <= br>
Read the full announcement from SBA Administrator Isabel Casillas Guzman to learn= more. 


SBA Introduces 60-Day= Goodwill Exception Period, Increased Outreach to Borrowers=

For COVID EI= DL and PPP borrowers with loans under $100,000, the SBA has implemented a 6= 0-day goodwill exception period starting January 1 and lasting through March 3, 2024, to help bring them into compliance and avoid the = repercussions of defaulting on a government loan. During this period, the SBA will build on its extensive outreach to a= ffected businesses to ensure that PPP borrowers know how to apply for forgi= veness and COVID EIDL borrowers are aware of all repayment options — = including the opportunity for hardship repayment plans. Further, the SBA will refrain from escalating collections activitie= s until after the goodwill exemption period. Re= ad the for more information.

 

If = PPP borrowers are unsure if their loan has been forgiven, t= hey can check by logging in to the MySBA loan portal. Once logge= d in, borrowers will see all of their SBA loans, including PPP loans, and t= he status of each loan. For PPP loans, the status will show "paid in full" if the PPP loan has been forgiven.

 <= o:p>

Assistance - PPP Forgiveness Call Center

 <= o:p>

All = COVID EIDL borrowers must repay their loans, but the SBA ha= s programs to help – including expanded hardship accommodation plans.= COVID EIDL hardship accommodation plans significantly lower monthly payments – sometimes as low as $25 per month – f= or six months, and then payments gradually increase over a multi-year perio= d.

 

More informa= tion for COVID EIDL hardship accommodation plans is available on the SBA website. Many borro= wers can apply for a hardship accommodation plan directly through the = MySBA loan portal. Once logge= d in, COVID EIDL borrowers can click "Loan Summaries" in the to= olbar, then "Hardship Accommodation Plan" in the bottom right corner, and finally "Learn More and Enroll."=

 <= o:p>

Assistance - = COVID EIDL Customer Service 

833-853-5638

COVIDEIDLServicing@sba.gov<= /span>

 <= o:p>


 <= o:p>

Stag= e One Competition Open for Applications Now
The SBA recently announced the opening of the 2024 Growth Acc= elerator Fund Competition (GAFC), offering a total of $50,000 to $200,= 000 in awards to organizations seeking to foster an innovation support ecosystem to advance small business research and de= velopment from ideas to the commercial market. The Stage One competiti= on opened on January 8, 2024 for a 5-week window, closing February 16,= 2024.

Stage One offers $50,000 in cash prizes awarded to organizations for ecosystem-building activities, including recruitment of new partners, = and strengthening existing alliances among stakeholders (including public, = private, non-profit, and academic partners). Contestants work collaborative= ly with chosen partners to bring additional resources, deepen network connections, and develop strategies t= o support STEM/R&D-focused entrepreneurs and small businesses. SBA welc= omes Stage One submissions from a broad range of organizations with a colla= borative vision to nurture a national ecosystem for equitable access to entrepreneurship.

Informational Webinars

 <= o:p>

January 16, 2024 | 2pm (EST)
GAFC Pre-Application Webinar: Goals, Rules, and How to = Apply
Watch the Recording
 
January 31, 2024 | 2pm (EST)
GAFC Theme Explanation Webinar: A Deep Dive into the Te= ch Themes with Experts from Relevant Federal Agencies
Click Here to Reg= ister
 


 <= o:p>


 

Deeper Dive on SBA Pr= ograms and Resources for Small Businesses
Wednesday Webinars are free, weekly trainings to introduce current or prosp= ective small business owners to the wide variety of programs and resou= rces hosted by the SBA. Please consider attending these if you are interest= ed in learning more about these programs and help spread the word! 

 

Each week, the Seattle District team will feature a new= topic including introductions to our technical assistance Resource Partners, details of SBA loan programs, federal contracting pro= grams and certifications, and resources for small business exporting.
 

View the 2024 Calendar

 

Scheduled for Febr= uary 2024

 

Wednesday, February&n= bsp;14 | Loan Programs: Funding for Working Capit= al
Join staff from the SBA Seattle District office to learn ho= w the SBA 7(a) Loan Guaranty Program can be used to meet your company's wor= king capital needs. More info
 
Wednesday, February 21 | Contracting: Joint Ventures Program
Joint ventures allow certain businesses to compete together for government = contracts reserved for small businesses. Join us this week to learn more ab= out this program, benefits, and how to create a joint-venture to pursue new= opportunities. 
More info
 
Wednesday, February 28 | Are You Ready to Export? Meet the Export Fina= nce Center of Washington
The Export Finance Center of Washington (EFACW) provides consultation servi= ces in payment risk mitigation and export finance including credit insuranc= e, letters of credit, foreign exchange, Export-Import Bank and Small Busine= ss Administration export finance guaranty programs. EFACW offers businesses information on how to finance a= nd get paid for their export sales and acts as a matchmaker for their = banking relationship.
More info<= /o:p>

 

 =

Follow us on LinkedIn!<= span style=3D"font-size:10.5pt;font-family:"Source Sans Pro",sans= -serif">
 for more news and updateswww.linkedin.com/showcase/sbaseattle

 =

SBA Seattle District Office

2401 4th Ave., Suite 450
Seattle, WA 98121
Phone:  206-553-7310

Spokane Branch Office

801 W. Riverside Ave., Suite 444
Spokane, WA 99201
Phone:  509-353-2800

 

www.sba.gov/wa

 

3D"facebook"3D"twitter"3D"youtube"3D"linkedin"3D"in=

 

 

--_000_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_-- --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image002.png" Content-Description: image002.png Content-Disposition: inline; filename="image002.png"; size=7566; creation-date="Tue, 30 Jan 2024 20:20:42 GMT"; modification-date="Wed, 31 Jan 2024 20:05:30 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/jpeg; name="image003.jpg" Content-Description: image003.jpg Content-Disposition: inline; filename="image003.jpg"; size=25920; creation-date="Tue, 30 Jan 2024 20:20:42 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/jpeg; name="image004.jpg" Content-Description: image004.jpg Content-Disposition: inline; filename="image004.jpg"; size=62752; creation-date="Tue, 30 Jan 2024 20:20:42 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/jpeg; name="image005.jpg" Content-Description: image005.jpg Content-Disposition: inline; filename="image005.jpg"; size=36524; creation-date="Tue, 30 Jan 2024 20:20:43 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/jpeg; name="image006.jpg" Content-Description: image006.jpg Content-Disposition: inline; filename="image006.jpg"; size=51526; creation-date="Tue, 30 Jan 2024 20:20:43 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image007.png" Content-Description: image007.png Content-Disposition: inline; filename="image007.png"; size=873; creation-date="Tue, 30 Jan 2024 20:20:43 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image008.png" Content-Description: image008.png Content-Disposition: inline; filename="image008.png"; size=921; creation-date="Tue, 30 Jan 2024 20:20:43 GMT"; modification-date="Wed, 31 Jan 2024 20:05:31 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image009.png" Content-Description: image009.png Content-Disposition: inline; filename="image009.png"; size=897; creation-date="Tue, 30 Jan 2024 20:20:43 GMT"; modification-date="Wed, 31 Jan 2024 20:05:32 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image010.png" Content-Description: image010.png Content-Disposition: inline; filename="image010.png"; size=890; creation-date="Tue, 30 Jan 2024 20:20:44 GMT"; modification-date="Wed, 31 Jan 2024 20:05:32 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_ Content-Type: image/png; name="image011.png" Content-Description: image011.png Content-Disposition: inline; filename="image011.png"; size=961; creation-date="Tue, 30 Jan 2024 20:20:44 GMT"; modification-date="Wed, 31 Jan 2024 20:05:32 GMT" Content-ID: Content-Transfer-Encoding: base64 --_013_SJ0PR20MB36587C448ACF5B640F19CB83D17C2SJ0PR20MB3658namp_--